What's New In Investments, Funds? – KKR

Editorial Staff

14 March 2022

KKR
KKR, aka Kohlberg Kravis Roberts, the investment house, has held its final closing of KKR Global Infrastructure Investors IV, a $17 billion fund. Family offices, private wealth platforms and high net worth individuals were among the investors in the fund.

The fund’s focus concentrates on investing in OECD countries in North America and Western Europe.

“The closing comes at a time of significant growth in demand for private infrastructure investment, particularly in sectors including digital communications, energy transition, transportation, water, waste, and industrial infrastructure, among others,” KKR said. It cited figures from the McKinsey Global Institute, stating that projected economic growth rates mean that $3.7 trillion of annual investment in global infrastructure between 2017 and 2035 is needed.

“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,” Brandon Freiman, head of North American Infrastructure at KKR, said.

KKR will invest $1 billion of capital in the fund alongside other investors.

The firm set up its global infrastructure strategy in 2008, now comprising a team of about 75 investment professionals. KKR oversees approximately $40 billion in infrastructure assets globally and has made approximately 65 infrastructure investments across a range of sub-sectors and geographies. 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 fixed-base operator of private aviation terminals and infrastructure assets across North America.