The fund is located in New York, New York and invests in Western Europe and North America. Direct links to the EDGAR source material. You should only be asked to sign in once. News KKR rakes in $3bn capital for open-ended core infrastructure fund. ", Copyright 2022 HT Digital Streams Ltd All Right Reserved. By using this site you agree to our use of cookies. The scale of global infrastructure investment demand is enormous, and there is a growing need to replace and expand international infrastructure including all parts of the energy supply chain and a wide array of public services such as roads, railways, airports, and communications networks. Sectors will include utilities focused on the water, wastewater, electricity and natural gas distribution, digital infrastructure, renewable power, No person should rely upon the past performance or reputation of KKR or its investment products when considering any security offered by the Drawbridge Fund or Drawbridge. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Safety Pension from United States on 04/01/2021 as a Fund Investment in the Infrastructure industry. hb```r,B w``cT}C"P( 3c)Y\Yla=m[ Zn;i~Lv"% $
KKRs 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. KKR, a leading global investment firm, today announced the final closing of KKR Global Infrastructure Investors IV (the Fund), a $17 billion fund focused on pursuing global infrastructure investment opportunities with an emphasis on investments in OECD countries in North America and Western Europe. 1. New York, New York 10001. New Mexico SICs commitment is part of $1bn worth of commitments from limited partners, represented by the Townsend Group, into the KKR fund. In order to update the data, it is also necessary to extend the validity of the LEI number in the international GLEIF database. Cavnue, a company founded by Sidewalk Infrastructure Partners, selected to lead the project in partnership with the state of Michigan. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. 33739B104 366575.00000000 NS USD 2862950.75000000 0.983530766868 Long EC RF US . So, the competition has definitely increased. We believe that a lot of capital for this will come from foreign investors," he said. Before viewing this presentation, please acknowledge your understanding that it has been prepared for KKR & Co. Inc. (NYSE:KKR) for the benefit of its public stockholders and is not intended to be a solicitation or sale of any of the securities, funds or services that it may discuss. Please check your spam or junk folder just in case. Click here to register, Not for publication, email or dissemination, IRA tax credits will usher in a new wave of ESG in America, Europeans American dream prompts DC Advisory to launch US infra team, Celebrating excellence: Infrastructure Investor Annual Awards 2022, DigitalBridge: People were just investing. 69346N107 188986.00000000 NS USD 2823450.84000000 0.969961068970 Long EC RF US N 1 N N N MainStay CBRE Global Infrastructure Megatrends Fund . Get limited access to our industry news, analysis and data, plus regular email updates. KKR's Asia infra fund will look to create a diversified portfolio of core infrastructure assets . All three of the primary return drivers for the sleeve (proprietary core model, beta and dividend yield) contributed, with the proprietary core model contributing the most, followed by beta and dividend yield. KKR has hit the final close of its $3.9 billion maiden infrastructure fund for Asia, KKR Asia . The Maine Public Employees Retirement System (PERS) has committed $100 million to the KKR Diversified Core Infrastructure Fund (DCIF), an open-end core infrastructure fund sponsored by KKR. 2021-05-26T13:19:00Z. Only logged in subscribers of this site will be able to access the shared article. KKR Diversified Core Infrastructure Fund (B) SCSp B245498 Important notice . Subscription; Membership; KKR has secured the first European asset for its new open-ended core infrastructure fund with the acquisition of a 40 percent stake in Caruna, Finland's largest electricity distribution company. KKR has hit the final close of its $3.9 billion maiden infrastructure fund for Asia, KKR Asia Pacific Infrastructure Investors SCSp, the American private equity investor said on Monday. Log in to our website to save your bookmarks. DCIF is KKR's first open-end infrastructure fund that seeks to pursue core infrastructure investments with a buy-and-hold approach. We are committed to helping to meet this resource imbalance by investing in infrastructure assets on a global basis. ). The fund targets to invest in infrastructure sector with investments ranging between USD 250 million and USD 750 million and invests globally. 2023 PitchBook. Phone. Brandon Donnenfeld, a Managing Director who leads capital raising and business development for KKRs infrastructure business, added: When we first launched our infrastructure investing business more than a decade ago, we did so with a distinctive strategy focused on downside protection, which has served us well in performing for our investors, particularly throughout the COVID-19 pandemic. Lorem ipsum dolor sit amet, consectetur adipisicing elit. Date Filing Type Reported Sold Incremental Cash Type Exemptions 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. The firm is also eyeing opportunities arising out of government programmes. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. As part of its dedicated Asia Pacific infrastructure strategy, launched in 2019, KKR has so far committed $1.8 billion across six investments. We believe this strategy leads to value-added returns for our investors. Secure income strategies: How secure is secure? ( core infrastructure . See here for a complete list of exchanges and delays. The forward-looking statements are based on KKRs beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. Consistent with KKRs risk-based approach to infrastructure investing, the Fund will focus on critical infrastructure investments with low volatility and strong downside protection where KKR believes it can achieve attractive risk-adjusted returns by leveraging its experienced team, risk-based strategy, long track record of operational value creation, and global network of industry experts. The New Mexico State Investment Council (SIC) revealed in a meeting document that it had approved a $100m commitment to KKR Diversified Core Infrastructure Fund, a fund hoping to raise up to $5bn in the coming years. No person should rely upon the past performance or reputation of KKR or its investment products when considering any security offered by the Drawbridge Fund or Drawbridge. Proactive outreach, strong reputation and relationships, focused local networks, and resources valued by management teams and entrepreneurs have the potential to yield investments not available to others. Welcome to IPE Real Assets. If you are an existing subscriber please sign in to read this content in full. Array The KKR Approach: A Value-Added Investment Strategy Disciplined investment selection Distinctive sourcing and structuring Deep operational engagement The firm, in tandem with the Ontario Teachers' Pension Plan, purchased a 40 percent stake in Caruna from First Sentier Investors. Don't have an account? Sovereign Investor Leadership Conference March 2023 The LEI number of your company has expired! We seek to drive value creation through distinctive sourcing, deep operational engagement, and active stakeholder management. Email: Investor-Relations@kkr.com. Filings. The expertise of our Public Affairs group, outside advisors and partnerships with policymakers, organized labor, environmental NGOs and other interested parties provide KKR with differentiated opportunities to enhance the long-term value of our infrastructure investments. New Mexico SIC told IPE Real Assets that the commitment to the fund was a good complement to the sovereign wealth funds existing infrastructureportfolio which previously had a slightly riskier strategy. endstream
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KKR DIVERSIFIED CORE INFRASTRUCTURE FUND L.P. Company Number 3223127 Incorporation Date 10 July 2020 (over 2 years ago) Company Type Domestic Limited Partnership Jurisdiction Delaware (US) Registered Address New Castle, DE United States Agent Name MAPLES FIDUCIARY SERVICES (DELAWARE) INC Agent Address Not the case? We use cookies to create the best possible browsing experience for InfraPPP website visitors. View source version on businesswire.com: https://www.businesswire.com/news/home/20220314005151/en/, Media: The India Grid investment in mid-2019 was the first investment by the fund. New Mexico SIC approves $100m commitment to KKR Diversified Core Infrastructure Fund KKR offer effectively splits John Laing in two, II Debt 30: The largest infra credit GPs raise over $139bn, Best Practice in Infrastructure Asset Management, Managing Risk in Infrastructure Investments, IRA tax credits will usher in a new wave of ESG, Infrastructure Investor Global Summit 2023. We started raising the fund in mid 2019 and in our first attempt we have raised the largest corpus for such a strategy. Our goal is to achieve returns through the acquisition and operational improvement of infrastructure assets, which are important to the functioning of regional and local economies. Copyright HT Digital Streams Limited All rights reserved. The firm and its employees are plowing about $360 million into the fund, taking its overall size to $7.4 billion, KKR's global head of infrastructure Raj Agrawal said in an interview. Some of their recent investments include Canadian pipeline company Coastal GasLink, Florida-based renewables energy operator Nitrogen Renewables, and Indian power transmission developer IndiGrid Trust. 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