The forward-looking statements are based on KKRs beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. In InfraPPP we gather all information related to infrastructure investment news, project finance news, PPP infrastructure projects, infra finance data and PPP investor news. The fund targets to invest in infrastructure sector with investments ranging between USD 250 million and USD 750 million and invests globally. Drawbridge is an independently managed real estate investment vehicle. By using this site you agree to our use of cookies. 2020-12-31 ($7.5 BB Sold) Fund. The team is focused on creating a broadly diversified portfolio across markets, sectors, risks and geographies. The Fund received strong support from a diverse group of both new and existing investors globally, including public and private pension plans, sovereign wealth funds, insurance companies, endowments and foundations, private wealth platforms, family offices, high-net-worth individual investors and other institutional investors. The firm is also eyeing opportunities arising out of government programmes. Telephone: +1 (877) 610-4910 Also Read | How plant meat is coming of age in India. We started raising the fund in mid 2019 and in our first attempt we have raised the largest corpus for such a strategy. . We underwrite., First-time fortunes for emerging managers. Log in to our website to save your bookmarks. Investing alongside OTPP, the duo have each acquired a 40% stake in Finnish electricity distribution provider Caruna from First Sentier and OMERS. Lorem ipsum dolor sit amet, consectetur adipisicing elit. All Rights Reserved. Infrastructure is a distinct asset class, making selection, based on a variety of factors, critically important. New York, New York 10001. Vincent Policard, Co-Head of European Infrastructure at KKR, added: With the close of our latest infrastructure fund, we look forward to deepening our commitment to meeting this pressing global need and continuing to make investments where we believe our differentiated approach and platform can create value for the long-term.. At more than double the size of its predecessor, the success of KKR Global Infrastructure Investors IV speaks to the robust opportunities that we see in this asset class and to the confidence that our investors continue to place in our infrastructure team and our ability to deliver compelling risk-adjusted returns across a variety of market conditions, said Alisa Amarosa Wood, Global Head of Private Markets and Real Assets Product Strategies at KKR. Some sectors have their own cycles such as renewables, which appears to be hot right now, but we believe that India is a deep infrastructure marketwe dont think things are overpriced right now and we see a number of attractive opportunities," Shah said. The following factors, among others, could cause actual results to vary from the forward-looking statements: whether KKR realizes all or any of the anticipated benefits from converting to a corporation and the timing of realizing such benefits; whether there are increased or unforeseen costs associated with the conversion, including any adverse change in tax law; the volatility of the capital markets; the general volatility of the capital markets; failure to realize the benefits of or changes in KKRs business strategies including the ability to realize the anticipated synergies from acquisitions or strategic partnerships or other transactions; availability, terms and deployment of capital; availability of qualified personnel and expense of recruiting and retaining such personnel; changes in the asset management industry, interest rates or the general economy; underperformance of KKR's investments and decreased ability to raise funds; and the degree and nature of KKRs competition. For the past eight years he has been writing on the biggest deals in private equity, venture capital, IPO market and corporate mergers and acquisitions. [Current_Location] => TW Predict the closing value of sensex and win free subscription. " Cavnue, a company founded by Sidewalk Infrastructure Partners, selected to lead the project in partnership with the state of Michigan. Array KKR is partnering Equitix to jointly own John Laings existing asset portfolio post-acquisition, New funding will accelerate fibre broadband rollout across the US, $15.5bn US pension fund backsKKR Diversified Core Infrastructure Fund, M7 executive chairman Croftto step down;Rosengrenjoins KlaraBoas CFO, Fundraising details for Carlyle Europe Realty are currently unknown, Graham Burnett to retire from UK pension fund after leading property team since 2006, Copyright 19972023 IPE International Publishers Limited, Registered in England, Reg No. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recently . KKR Diversified Core Infrastructure Fund, Follow-on (located in Allocation Global, Global) was purchased by a Public Pension from United States on 04/05/2022 as a Fund Investment in the Infrastructure industry. Email: Investor-Relations@kkr.com. We are committed to helping to meet this resource imbalance by investing in infrastructure assets on a global basis. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Public Pension from United States on 04/28/2022 as a Fund Investment in the Infrastructure industry. We focus on investments where we believe risk can be minimized in order to deliver attractive risk-adjusted returns, and we use a risk-based asset selection process to make our decisions. Please click on "I understand" to view the presentation. The LEI number of your company has expired! Please read our cookie notice for more information on the cookies we use and how to delete or block them. We think Asia Pacific infrastructure is a major opportunity for KKR, which already had a large private markets business in Asia, while our global infrastructure business was largely focused on the US and Europe. Sale. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Our goal is to achieve returns through the acquisition and operational improvement of infrastructure assets, which are important to the functioning of regional and local economies. The New Mexico State Investment Council (SIC) revealed in a meeting document that it had approved a $100m commitment to KKR Diversified Core Infrastructure Fund, a fund hoping to raise up to $5bn in the coming years. The above outlines the characteristics that KKR would expect to seek in deals when executing deals for the KKR Diversified Core Infrastructure Fund. Ab architecto culpa, eum mollitia optio quaerat veniam! You should only be asked to sign in once. The KKR Approach: A Value-Added Investment Strategy Disciplined investment selection Distinctive sourcing and structuring Deep operational engagement Date Filing Type Reported Sold Incremental Cash Type Exemptions 2023 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. KKRs Asia infrastructure fund will look to create a diversified portfolio of core infrastructure assets, which generate annuity cash flows. See here for a complete list of exchanges and delays. KKR has hit the final close of its $3.9 billion maiden infrastructure fund for Asia, KKR Asia Pacific Infrastructure Investors SCSp, the American private equity investor said on Monday. New York, New York 10001. New Mexico SICs commitment is part of $1bn worth of commitments from limited partners, represented by the Townsend Group, into the KKR fund. Address. The Fund has a broad investment mandate across a number of infrastructure sectors and predominantly pursues assets with strong existing cash flows and attractive reinvestment opportunities for future growth. The fund has two seed investments financed by $650m from the investors in the fund and $1.7bn from co-investors. Only logged in subscribers of this site will be able to access the shared article. Global demand for building and upgrading critical infrastructure, as well as supporting responsible energy transition and growing broadband access, requires funding far in excess of public sources, which provides a big opportunity for private capital, said Brandon Freiman, Head of North American Infrastructure at KKR. All rights reserved. Menu. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Public Pension from United States on 07/14/2021 as a Fund Investment in the Infrastructure industry. endstream endobj 267 0 obj <. Information regarding the Drawbridge Fund accessed through the KKR Investor Portal is confidential and intended for Drawbridge Fund investors only. If you are an existing subscriber please sign in to read this content in full. Direct links to the EDGAR source material. This site uses cookies. Outside US: +1 (212) 230-9410 KKR secures first Europe deal for new open-ended, core fund, II Debt 30: The largest infra credit GPs raise over $139bn, Best Practice in Infrastructure Asset Management, Managing Risk in Infrastructure Investments, IRA tax credits will usher in a new wave of ESG, Infrastructure Investor Global Summit 2023. We look to use these investments to generate current income and capital appreciation for investors in our funds. Read our policy. ). This presentation contains certain forward-looking statements pertaining to KKR & Co. Inc. and its consolidated subsidiaries (collectively KKR), including certain investment funds, vehicles and accounts that are managed by KKR (each, a fund). Doloribus est molestiae numquam repudiandae totam. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Sovereign Wealth Fund from United States on 05/26/2021 as a Fund Investment in the Infrastructure industry. List of the updates in which the fund was involved. Please check your spam or junk folder just in case. We ask for most of the necessary data from the Companies Register, and it only takes a few . 33739B104 366575.00000000 NS USD 2862950.75000000 0.983530766868 Long EC RF US . Our long history of value creation, coupled with our substantial investment in people, processes and resources to drive operational improvement, positions us to create value in infrastructure assets. The fund will invest in India, South Korea, South East Asia, Japan, China, and Australia, Shah said. Our Standards: The Thomson Reuters Trust Principles. Previously listed on the London Stock Exchange and a member of the FTSE250, John Laing was taken private in 2021 by KKR's Diversified Core Infrastructure Fund (DCIF). KKRs Asia Pacific infrastructure portfolio includes India Grid Trust, a publicly traded infrastructure investment trust, Virescent Infrastructure, a renewable energy company in India, Eco Solutions Group, an environmental services provider in South Korea, First Gen, a Philippines power producer, TSK Corp, an environmental services management company in South Korea, and Pinnacle Towers, a telecommunications infrastructure provider in the Philippines. MainePERS has invested in other KKR infrastructure funds, however, a . NEW YORK & LONDON(BUSINESS WIRE) The primary source of capital funding for Lutheran churches and schools . Address. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR Diversified Core Infrastructure Fund (A) SCSp B245499 Important notice . The expertise of our Public Affairs group, outside advisors and partnerships with policymakers, organized labor, environmental NGOs and other interested parties provide KKR with differentiated opportunities to enhance the long-term value of our infrastructure investments. No person should rely upon the past performance or reputation of KKR or its investment products when considering any security offered by the Drawbridge Fund or Drawbridge. An engineer and an MBA, he started his journalism career in 2014 with Mint. The prior funds, KKR Global Infrastructure Investors II and KKR Global Infrastructure Fund, had raised $3.1 billion and $1 billion, respectively. A verification email is on its way to you. Win whats next. Your session has expired, please login again. But KKRs latest global infrastructure fund would be significantly bigger than KKR Global Infrastructure Investors III, which amassed $7.4 billion from investors in 2018. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. Multibagger stock rallies over 116% in 10 mont Who provoked King Charles to throw Harry-Megha RCap resolution: NCLAT okays another bidding r Will bring finality in time bound manner: Gaut Gold rate today trades tepid as US dollar cont EPF higher pension: How to apply on the EPFO p Supreme Court asks president to appoint CEC, E Why sub-zero interest rates are neither unfair Why RVNL shares are up 11% today after rallyin KKRs Asia infra fund will look to create a diversified portfolio of core infrastructure assets. Private equity firms tend to raise successor funds that are 10% to 20% larger than their predecessors. Information regarding the Drawbridge Fund accessed through the KKR Investor Portal is confidential and intended for Drawbridge Fund investors only. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. 2023 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. ( The scale of global infrastructure investment demand is enormous, and there is a growing need to replace and expand international infrastructure including all parts of the energy supply chain and a wide array of public services such as roads, railways, airports, and communications networks. ( Not the case? We will buy operating assets in sectors such as transportation, including roads, ports, and airports, renewables, oil and gas pipelines, electricity distribution and telecom infra, including data centres. The fundraising comes as President Joe Biden has been pushing U.S. lawmakers to back a plan for trillions of dollars in new spending on projects to restore Americas crumbling infrastructure. Public filings of KKR Diversified Core Infrastructure Master Fund B SCSP. KKR is making the acquisition through its open-ended Diversified Core Infrastructure Fund. Reporting by Chibuike Oguh in New York; Editing by Nick Zieminski. Sovereign Investor Leadership Conference March 2023 Additional information about factors affecting KKR, including a description of risks that may be important to a decision to purchase or sell any common or preferred stock of KKR & Co. Inc., can be found in KKR & Co. Inc.s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its other filings with the SEC, which are available at www.sec.gov. https://www.businesswire.com/news/home/20220314005151/en/. Further, KKR is under no obligation to provide the Drawbridge Fund with investment opportunities and in many cases will be prohibited from doing so by KKRs internal policies and procedures. The fund is located in New York, New York and invests in Western Europe and North America. Filings. KKR Diversified Core Infrastructure Fund (B) SCSp. The Core Infrastructure Fund targets a net internal rate of return of 7% to 9% andintends to make 2-3 transactions annually in developed markets worth up to $2bn in total. Since 1996, we have invested over USD 195 billion in private equity, private debt, private real estate, and private infrastructure on behalf of our clients globally. ). The UK-based infrastructure investor and developer will be split into a development company and an asset company should KKRs 2bn offer be accepted. KKR Diversified Core Infrastructure Fund (DCIF) focuses on investments in established brownfield assets diversified by sector and geography with high EBITDA margins and contracted or regulated cash fl Lorem ipsum dolor sit amet, consectetur adipisicing elit. Sovereign Investor Leadership Conference March 2023 A link has been emailed to you - check your inbox. NEW YORK & LONDON - (BUSINESS WIRE)- KKR, a leading global investment firm, today announced the final closing of KKR Global Infrastructure Investors IV (the "Fund"), a $17 billion fund focused on pursuing global infrastructure investment opportunities with an emphasis on investments in OECD countries in North America and Western Europe . Further, KKR is under no obligation to provide the Drawbridge Fund with investment opportunities and in many cases will be prohibited from doing so by KKRs internal policies and procedures. KKRs third and second infrastructure funds have generated 0.97 times and 1.49 times respectively of their investors money as of March 2020, according to the New York City Police Pension Fund. We use cookies to create the best possible browsing experience for InfraPPP website visitors. Click here to register, Not for publication, email or dissemination, IRA tax credits will usher in a new wave of ESG in America, Europeans American dream prompts DC Advisory to launch US infra team, Celebrating excellence: Infrastructure Investor Annual Awards 2022, DigitalBridge: People were just investing. KKRs Infrastructure funds are managed by Raj Agrawal. Don't have an account? 2127508300. KKR Diversified Core Infrastructure Fund SBS LP; Firm: Fund # CIK # 0001918583: Sale: Fund: Phone: 2127508300: Address: Kohlberg Kravis Roberts Co LP New York, New York 10001: Source: Fund AUM and Sold ($) 1.0 0.8 0.6 0.4 0.2 0.0 2011 2015 2019 2023: Fund Details; Director: Custodian: Auditor: Marketer: Broker: Jurisdiction: Directors Your inbox a distinct asset class, making selection, based on a global basis investments by! Investor Leadership Conference March 2023 a link has been emailed to you - check your spam or folder. We are committed to helping to meet this resource imbalance by investing in sector. The investors in the Fund will look to create a Diversified portfolio Core. Invested in other KKR infrastructure funds, however, a dolor sit amet, adipisicing! And delays ask for most of the type of graphical data available to our to... Is on its way to you - check your spam or junk folder just in case real. 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