KKR seeks $12 bn to fund energy assets, projects
ECONOMY & POLICY

KKR seeks $12 bn to fund energy assets, projects

American global investment firm KKR and Co Inc plans to raise $12 billion for its flagship global fund that will invest in infrastructure assets such as oil and gas pipelines and renewable energy projects.

The fundraising decision comes as US President Joe Biden has been pushing US lawmakers to back a plan for trillions of dollars in new spending on projects to restore America's crumbling infrastructure.

KKR began raising the fund, KKR Global Infrastructure Investors 4, late last year alongside its other flagship funds, including the North America private equity fund, which aims to attract more than $15 billion.

Private equity firms tend to raise successor funds that are 10% to 20% larger than their predecessors. But KKR's latest global infrastructure fund would be significantly bigger than KKR Global Infrastructure Investors 3, which amassed $7.4 billion from investors in 2018.


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


The prior funds, KKR Global Infrastructure Investors 2 and KKR Global Infrastructure Fund had raised $3.1 billion and $1 billion, respectively. As we have reported earlier, KKR said in January that it had raised $3.9 billion for its first Asia-Pacific infrastructure fund, surpassing the largest pool of cash in the region for investments in everything from renewable energy and waste management to communication towers. To achieve that funding, KKR had tapped three dozen investors in Europe, USA, the Middle-East and Asia-Pacific.

KKR's 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.

Some of the company’s recent investments include Canadian pipeline company Coastal GasLink, Indian power transmission developer IndiGrid Trust and Florida-based renewables energy operator Nitrogen Renewables.

KKR is a global investment firm that offers alternative asset management and capital markets, and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach 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.

Image Source


Also read: KKR arm floats InvIT for green energy

American global investment firm KKR and Co Inc plans to raise $12 billion for its flagship global fund that will invest in infrastructure assets such as oil and gas pipelines and renewable energy projects. The fundraising decision comes as US President Joe Biden has been pushing US lawmakers to back a plan for trillions of dollars in new spending on projects to restore America's crumbling infrastructure. KKR began raising the fund, KKR Global Infrastructure Investors 4, late last year alongside its other flagship funds, including the North America private equity fund, which aims to attract more than $15 billion. Private equity firms tend to raise successor funds that are 10% to 20% larger than their predecessors. But KKR's latest global infrastructure fund would be significantly bigger than KKR Global Infrastructure Investors 3, which amassed $7.4 billion from investors in 2018.4th Indian Cement Review Conference 202117-18 March Click for event info The prior funds, KKR Global Infrastructure Investors 2 and KKR Global Infrastructure Fund had raised $3.1 billion and $1 billion, respectively. As we have reported earlier, KKR said in January that it had raised $3.9 billion for its first Asia-Pacific infrastructure fund, surpassing the largest pool of cash in the region for investments in everything from renewable energy and waste management to communication towers. To achieve that funding, KKR had tapped three dozen investors in Europe, USA, the Middle-East and Asia-Pacific. KKR's 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. Some of the company’s recent investments include Canadian pipeline company Coastal GasLink, Indian power transmission developer IndiGrid Trust and Florida-based renewables energy operator Nitrogen Renewables. KKR is a global investment firm that offers alternative asset management and capital markets, and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach 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. Image Source Also read: KKR arm floats InvIT for green energy

Next Story
Infrastructure Energy

Reliance, Nel Partner for Hydrogen Electrolysers

Reliance Industries has signed an agreement with Norway's Nel ASA to advance hydrogen electrolyser technology in India. This partnership aims to develop and install hydrogen electrolysers, which are crucial for producing green hydrogen. The collaboration is part of Reliance's strategy to achieve net-zero carbon emissions by 2035 and to expand its renewable energy portfolio. Nel will supply its advanced alkaline electrolysers, leveraging its extensive experience in the hydrogen sector. These electrolysers will be used to generate green hydrogen, which is produced using renewable energy sources..

Next Story
Infrastructure Energy

GE T&D India Sees 112% Surge in FY24 Order Bookings

GE T&D India has reported a remarkable 112% increase in order bookings for FY24, with the total orders reaching 20.882 Billion. This significant growth highlights the company's strong performance and ability to capture opportunities in India's growing power market. The orders in the second quarter alone surged to Rs.18.16 billion, more than double the Rs.486 crore recorded in the same period last year. The company has secured several key projects, including contracts from Sterlite Power for supply of high-voltage reactors, Adani Energy Solutions for constructing GIS substations, and expor..

Next Story
Infrastructure Energy

Indian PM2.5's Oxidative Potential Far Exceeds Europe's

A recent study highlights the significantly higher oxidative potential (OP) of fine particulate matter (PM2.5) in India compared to Europe. PM2.5, tiny particles with a diameter of less than 2.5 micrometres, can penetrate deep into the lungs and even enter the bloodstream, causing various health issues, including respiratory and cardiovascular diseases. The study, conducted by researchers from India and Europe, revealed that the OP of PM2.5 in Indian cities is five times greater than that in European cities. OP measures the ability of PM2.5 to generate reactive oxygen species, which can cause ..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram