AgenciesMUMBAI: KKR, a leading global investment firm, raised a corpus of $3.9 billion for KKR Asia Pacific Infrastructure Investor, a fund focused on infrastructure-related investments across Asia Pacific.
“We believe that Asia Pacific contains some of the most favorable macroeconomic dynamics in the world, and that the region is expected to account for more than half of the world’s economic growth in the coming years," said Ming Lu, Head of KKR Asia Pacific.
However, the demand to develop or upgrade critical infrastructure assets outpaces the available public funding in many markets. Private capital is playing an increasingly important role to fill the gap in the region, Ming Lu added.
The Fund has a broad investment mandate across both emerging and developed Asia Pacific, in sectors including waste, renewables, power and utilities, telecommunications, and transportation infrastructure, said the statement. KKR invested approximately $300 million in capital alongside external investors through its balance sheet and employee commitments.
“Infrastructure is a key priority for KKR in the Asia Pacific and we are proud to have built one of the leading infrastructure investment platforms in the region," said David Luboff, Head of Asia Pacific Infrastructure at KKR.
The Fund received backing from a diverse group of prominent global infrastructure investors, including public and corporate pensions, sovereign wealth funds, insurance companies, endowments, private banking platforms, family offices, and high net worth individual investors.
KKR established its global infrastructure team and strategy in 2008. Over this period, the Firm has deployed more than $24 billion across approximately 40 infrastructure investments, and currently has a team of approximately 45 dedicated investment professionals.
In Asia, KKR has committed $1.8 billion across six investments as part of the firm’s dedicated Asia Pacific infrastructure strategy, which was launched in 2019.
KKR has made two major investments in India from its Asia infrastructure fund. Recently, the fund had acquired five solar energy assets from India’s Shapoorji Pallonji Infrastructure Capital in a deal worth about Rs1554 crore ($204 mn). The portfolio comprises 169 MW assets in Maharashtra and assets with a capacity of 148 MW in Tamil Nadu.
It had invested $400 mn in 2019 to take control of India Grid Trust, an infrastructure investment trust, along with Singapore's GIC.
In 2018, KKR had hired Hardik Shah, formerly with Brookfield Asset management, as director to head its infrastructure investments in India.
“We believe that Asia Pacific contains some of the most favorable macroeconomic dynamics in the world, and that the region is expected to account for more than half of the world’s economic growth in the coming years," said Ming Lu, Head of KKR Asia Pacific.
However, the demand to develop or upgrade critical infrastructure assets outpaces the available public funding in many markets. Private capital is playing an increasingly important role to fill the gap in the region, Ming Lu added.
The Fund has a broad investment mandate across both emerging and developed Asia Pacific, in sectors including waste, renewables, power and utilities, telecommunications, and transportation infrastructure, said the statement. KKR invested approximately $300 million in capital alongside external investors through its balance sheet and employee commitments.
“Infrastructure is a key priority for KKR in the Asia Pacific and we are proud to have built one of the leading infrastructure investment platforms in the region," said David Luboff, Head of Asia Pacific Infrastructure at KKR.
The Fund received backing from a diverse group of prominent global infrastructure investors, including public and corporate pensions, sovereign wealth funds, insurance companies, endowments, private banking platforms, family offices, and high net worth individual investors.
KKR established its global infrastructure team and strategy in 2008. Over this period, the Firm has deployed more than $24 billion across approximately 40 infrastructure investments, and currently has a team of approximately 45 dedicated investment professionals.
In Asia, KKR has committed $1.8 billion across six investments as part of the firm’s dedicated Asia Pacific infrastructure strategy, which was launched in 2019.
KKR has made two major investments in India from its Asia infrastructure fund. Recently, the fund had acquired five solar energy assets from India’s Shapoorji Pallonji Infrastructure Capital in a deal worth about Rs1554 crore ($204 mn). The portfolio comprises 169 MW assets in Maharashtra and assets with a capacity of 148 MW in Tamil Nadu.
It had invested $400 mn in 2019 to take control of India Grid Trust, an infrastructure investment trust, along with Singapore's GIC.
In 2018, KKR had hired Hardik Shah, formerly with Brookfield Asset management, as director to head its infrastructure investments in India.
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