|
Laxman Pai, Opalesque Asia: KKR, the American global investment company that manages multiple alternative asset classes, closed its latest infrastructure fund, KKR Global Infrastructure Investors IV, at $17 billion.
The fund will make global infrastructure investments, with a focus on OECD countries in North America and Western Europe.
The global investment firm closed the fund well above a $12 billion fundraising target. The fund is more than twice the size of its predecessor, which closed in 2018 at $7.4 billion.
KKR has attracted money from sovereign wealth funds, insurance companies, endowments, family offices, wealthy individual investors, and other institutional investors, KKR said in a statement. Investors in KKR Global Infrastructure Investors IV include New York State Common Retirement Fund, Albany; Minnesota State Board of Investment, St. Paul; Michigan Retirement Systems, East Lansing; and Alaska Permanent Fund Corp., Juneau.
The asset manager said it will invest $1 billion of its own capital from its affiliates, balance sheet, and employee commitments.
Recent investments in the strategy include Refresco, a leading global independent beverage manufacturer, CyrusOne, a premier global data center infrastructure provider, Ocean Yield, a European based maritime leasing company, and Atlantic Aviation, a leading fixed-base operator of private aviation terminals and infrastructure assets across North America.
"At more than double the size of its pre...................... To view our full article Click here
|
RSS
