KKR Closes US$6.4 Billion Asia Pacific Infrastructure Investors II Fund
01 Februar 2024 - 2:40AM
Business Wire
- Fund is largest pan-regional infrastructure fund to have been
raised for Asia Pacific
- More than half of the Fund already invested or committed across
~10 investments
KKR, a leading global investment firm, today announced the final
close of KKR Asia Pacific Infrastructure Investors II SCSp (the
“Fund”), a US$6.4 billion fund focused on infrastructure-related
investments across Asia Pacific.
At close, the Fund is the largest pan-regional infrastructure
fund to have been raised for Asia Pacific. This closely follows
KKR’s inaugural Asia Pacific-dedicated infrastructure fund, KKR
Asia Pacific Infrastructure Investors SCSp, which closed at US$3.9
billion in 2021 as the largest Asia-dedicated pan-regional fund at
the time. Since the Fund’s launch, KKR has already invested or
committed more than half of its capital across approximately 10
investments. KKR’s Asia Pacific infrastructure platform has
organically grown to approximately US$13 billion in assets under
management since its inception in 2019.
“Infrastructure is a key pillar of KKR’s global and regional
strategy. We are proud to have built and scaled a market-leading
platform in Asia Pacific in a short span of time, and are grateful
for the continued support by our investors as we close our
milestone second pan-regional fund,” said David Luboff, Co-Head
of KKR Asia Pacific and Head of Asia Pacific Infrastructure at
KKR. “The success of the fundraise is a testament to the
confidence that global investors have in our ability to deliver
strong risk-adjusted returns and differentiated value-add through
our established multi-asset platform, local presence in key
markets, and strong ability to collaborate across multiple
strategies and the region. Their commitment underscores our shared
conviction that Asia Pacific’s infrastructure sector holds
tremendous potential over the long term.”
KKR’s infrastructure investment approach brings together a
disciplined selection process with distinctive investment sourcing
and structuring capabilities executed by a dedicated investment
team based in markets across Asia Pacific. In line with this
approach, the Fund will focus on critical infrastructure with low
volatility and strong downside protection where KKR believes it can
add value and achieve attractive risk-adjusted returns by
leveraging its global network of industry experts, its highly
experienced team in Asia Pacific, and long track record of
operational value creation. The Fund has a broad investment mandate
across various sectors, including renewables, power and utilities,
water and wastewater, digital infrastructure, and transportation,
among others.
Hardik Shah, a Partner on KKR’s Infrastructure team based in
Mumbai, said, “As Asia accounts for more than 60% of global
growth, driven by rising domestic consumption and productivity,
rapid urbanization, and an enormous emerging middle class, the need
for new infrastructure and sustainable energy sources will continue
to accelerate. We believe this backdrop presents a significant
opportunity for value-added private infrastructure investors, and
we welcome the chance to invest behind the development and success
of critical infrastructure across Asia Pacific.”
Keith Kim, a Partner on KKR’s infrastructure team based in
Seoul, said, “Our ability to create investment opportunities
and successfully fundraise in a challenging macro environment
reflects the strength of our localized teams who have a deep
understanding of the markets and business landscapes where we
invest, as well as KKR's global expertise and capabilities. We are
pleased to significantly deepen our commitment to Asia’s
infrastructure sector through the Fund.”
The Fund received strong backing from a diverse group of new and
existing prominent global investors across the world, including
public and corporate pensions, sovereign wealth funds, insurance
companies, endowment funds, and asset managers.
Brandon Donnenfeld, a Managing Director in KKR Global Client
Solutions added, “KKR has built a differentiated infrastructure
investing approach that combines our decades-long experience of
being a value-add investor, having localized teams, and maintaining
a focus on downside protection. We are honored to have the
continued support from our investors and look to continue
delivering strong performance for them.”
KKR first established its global infrastructure team and
strategy in 2008 and has since been one of the most active
infrastructure investors around the world. Today, the Firm manages
approximately US$56 billion in assets under management across more
than 80 infrastructure investments, and has a team of more than 90
dedicated infrastructure investment professionals globally.
Debevoise & Plimpton LLP represented KKR as primary fund
counsel for this fundraise.
About KKR
KKR is a leading global investment firm that offers alternative
asset management as well as capital markets and insurance
solutions. KKR aims to generate attractive investment returns by
following a patient and disciplined investment approach, employing
world-class people, and supporting growth in its portfolio
companies and communities. KKR sponsors investment funds that
invest in private equity, credit and real assets and has strategic
partners that manage hedge funds. KKR’s insurance subsidiaries
offer retirement, life and reinsurance products under the
management of Global Atlantic Financial Group. References to KKR’s
investments may include the activities of its sponsored funds and
insurance subsidiaries. For additional information about KKR &
Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com.
For additional information about Global Atlantic Financial Group,
please visit Global Atlantic Financial Group’s website at
www.globalatlantic.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240131782646/en/
Media:
KKR Asia Pacific Wei Jun Ong +65 6922 5813
WeiJun.Ong@kkr.com
KKR Americas Liidia Liuksila or Emily Cummings +1
212-750-8300 Media@kkr.com
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