KKR raises $3.9 bn for Asia infra fund
ECONOMY & POLICY

KKR raises $3.9 bn for Asia infra fund

American global investment firm KKR & Co 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.

In the fundraising process, the firm boosted its initial target from $3 billion and stopped fundraising after reaching the stipulated cap. It tapped three dozen investors in Europe, USA, the Middle-East and Asia-Pacific, said the company.

Institutional investors are looking rapidly for a "one-stop-shop" with deal-making, operational and capital market expertise, favouring assets with a lower-risk profile that aren't tied to public market indexes, said KKR.

KKR established its global infrastructure team and strategy in 2008 and has invested more than $24 billion in about 40 assets around the world since then. It hired David Luboff from Macquarie Group in 2019 to build a platform in Asia, where it now has a 14-member team with plans to add more in Japan.

The firm has already committed over $1.8 billion in six infrastructure investments in Asia, which added to investor confidence and led to a "considerably shorter" fundraising, Luboff told media sources.

Those investments include renewable energy company Virescent Infrastructure and India Grid Trust in India, two waste management companies in South Korea and First Gen Corp and Pinnacle Towers, the leading power producer and a telecommunication provider in the Philippines.

Global private equity firms are moving away from focusing on buyouts towards becoming investment houses with widened offerings in alternative assets such as real estate and infrastructure.

KKR will concentrate on big themes including green energy, mitigating environmental damage and environmental infrastructure, Luboff said.

Image Source

American global investment firm KKR & Co 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. In the fundraising process, the firm boosted its initial target from $3 billion and stopped fundraising after reaching the stipulated cap. It tapped three dozen investors in Europe, USA, the Middle-East and Asia-Pacific, said the company. Institutional investors are looking rapidly for a one-stop-shop with deal-making, operational and capital market expertise, favouring assets with a lower-risk profile that aren't tied to public market indexes, said KKR. KKR established its global infrastructure team and strategy in 2008 and has invested more than $24 billion in about 40 assets around the world since then. It hired David Luboff from Macquarie Group in 2019 to build a platform in Asia, where it now has a 14-member team with plans to add more in Japan. The firm has already committed over $1.8 billion in six infrastructure investments in Asia, which added to investor confidence and led to a considerably shorter fundraising, Luboff told media sources. Those investments include renewable energy company Virescent Infrastructure and India Grid Trust in India, two waste management companies in South Korea and First Gen Corp and Pinnacle Towers, the leading power producer and a telecommunication provider in the Philippines. Global private equity firms are moving away from focusing on buyouts towards becoming investment houses with widened offerings in alternative assets such as real estate and infrastructure. KKR will concentrate on big themes including green energy, mitigating environmental damage and environmental infrastructure, Luboff said. Image Source

Next Story
Infrastructure Transport

Gurgaon-Pataudi-Rewari Highway Set for Completion by December 2025

The National Highways Authority of India (NHAI) has set a new target to complete the four-lane Gurgaon-Pataudi-Rewari highway by December 2025, following a two-year delay.Originally planned in 2018 to upgrade the two-lane state highway into a national highway, the project is estimated to cost Rs 9 billion. Construction, which began in 2021, was initially scheduled for completion in November 2023. According to NHAI, around 70 per cent of the work is already complete, with two major structures still pending: a railway overbridge at Pahari village and a two-lane unidirectional flyover on Dwarka E..

Next Story
Infrastructure Transport

UP Plans Rs 900 Million Extensions to Hindon Elevated Road

The Uttar Pradesh state bridge corporation has prepared the detailed project report and cost estimates for two proposed extensions of the 10.3-km Hindon elevated road, officials said on Thursday. The road connects Raj Nagar Extension to UP-Gate near the east Delhi border, and the project is expected to cost around Rs 900 million.The two extensions, each 400 metres long, will be added to the existing elevated road to ensure smoother traffic flow. “One of the extensions will be from near the Kanawani culvert (near Indirapuram) to the elevated road for commuters heading towards Delhi. The other..

Next Story
Infrastructure Urban

Goa Likely to Miss October Deadline for Maritime Master Plan

Goa is expected to miss the October 31 deadline for submitting its maritime and waterways master plan, which covers the state’s 105 km coastline and river network. The delay is due to the project management consultant not yet being appointed. The plan is now anticipated to be completed by December, Captain of Ports Octavio Rodrigues stated at the India Maritime Week 2025 roadshow.“We have already selected the consultant and will bring them on board within a week. Only then can we begin drafting the master plan, which is essential to secure central government funding,” Rodrigues added.A c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?