Copyright HT Digital Streams Limited All rights reserved. hbbd```b`` Vincent Policard, Co-Head of European Infrastructure at KKR, added: With the close of our latest infrastructure fund, we look forward to deepening our commitment to meeting this pressing global need and continuing to make investments where we believe our differentiated approach and platform can create value for the long-term.. Filings. New Mexico SICs commitment is part of $1bn worth of commitments from limited partners, represented by the Townsend Group, into the KKR fund. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Sovereign Wealth Fund from United States on 05/26/2021 as a Fund Investment in the Infrastructure industry. We seek to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses . KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. The fund has two seed investments financed by $650m from the investors in the fund and $1.7bn from co-investors. Array Sovereign Investor Leadership Conference March 2023 NEW YORK & LONDON - (BUSINESS WIRE)- 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 . At more than double the size of its predecessor, the success of KKR Global Infrastructure Investors IV speaks to the robust opportunities that we see in this asset class and to the confidence that our investors continue to place in our infrastructure team and our ability to deliver compelling risk-adjusted returns across a variety of market conditions, said Alisa Amarosa Wood, Global Head of Private Markets and Real Assets Product Strategies at KKR. The recipient should not distribute this Communication to any person (other than its legal, investment or tax advisors) without the prior consent of Drawbridge. KKRs Asia Pacific infrastructure portfolio includes India Grid Trust, a publicly traded infrastructure investment trust, Virescent Infrastructure, a renewable energy company in India, Eco Solutions Group, an environmental services provider in South Korea, First Gen, a Philippines power producer, TSK Corp, an environmental services management company in South Korea, and Pinnacle Towers, a telecommunications infrastructure provider in the Philippines. Accusamus fuga nesciunt quos. 33739B104 366575.00000000 NS USD 2862950.75000000 0.983530766868 Long EC RF US . Email: [email protected]. The Fund's active industry exposures (which are a byproduct of stock selection) detracted as well as active individual stock exposures. KKR Diversified Core Infrastructure Fund (A) SCSp. Please check your spam or junk folder just in case. Affordable housing Europe: Should investors be part of the solution? Get limited access to our industry news, analysis and data, plus regular email updates. Date Filing Type Reported Sold Incremental Cash Type Exemptions The recipient should not distribute this Communication to any person (other than its legal, investment or tax advisors) without the prior consent of Drawbridge. Date Filing Type Reported Sold Incremental Cash Type Exemptions A verification email is on its way to you. KKR has so far raised $3bn (2.4bn) for its global open-ended core infrastructure fund, according to an investor. 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. We believe this strategy leads to value-added returns for our investors. 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. KKR has hit the final close of its $3.9 billion maiden infrastructure fund for Asia, KKR Asia . Address. Win whats next. KKR Diversified Core Infrastructure Fund, Follow-on (located in Allocation Global, Global) was purchased by a Public Pension from United States on 04/05/2022 as a Fund Investment in the Infrastructure industry. 2127508300. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. By using this site you agree to our use of cookies. Register now to read this article and more for free. Lorem ipsum dolor sit amet, consectetur adipisicing elit. Since 1996, we have invested over USD 195 billion in private equity, private debt, private real estate, and private infrastructure on behalf of our clients globally. Only logged in subscribers of this site will be able to access the shared article. Not the case? Based in Mumbai, Swaraj Singh Dhanjal is responsible for Mints corporate news coverage. We are thrilled to have their continued support and look forward to continuing to perform for our investors through this strategy.. 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. 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. %PDF-1.6 % Filings. KKR Diversified Core Infrastructure Fund (DCIF) focuses on investments in established brownfield assets diversified by sector and geography with high EBITDA margins and contracted or regulated cash fl Lorem ipsum dolor sit amet, consectetur adipisicing elit. Investing alongside OTPP, the duo have each acquired a 40% stake in Finnish electricity distribution provider Caruna from First Sentier and OMERS. MERITS: KKR's Diversified Core Infrastructure Fund (DCIF) focuses on investments in established brownfield assets diversified by sector an d geography with high EBITDA margins and contracted or regulated cash flows. 04014F102 165062.00000000 NS USD 1913068.58000000 0.657210679421 Long EC RF US N 1 N N N KKR Income Opportunities Fund . An engineer and an MBA, he started his journalism career in 2014 with Mint. KKR Diversified Core Infrastructure Master Fund is an infrastructure core fund managed by Kohlberg Kravis Roberts. Drawbridge is an independently managed real estate investment vehicle. The fund targets to invest in infrastructure sector with investments ranging between USD 250 million and USD 750 million and invests globally. [Current_Location] => TW The UK-based infrastructure investor and developer will be split into a development company and an asset company should KKRs 2bn offer be accepted. India is a key market for this fund, though it doesnt have hard geographic allocations, he said. Please read our cookie notice for more information on the cookies we use and how to delete or block them. The Fund received strong support from a diverse group of both new and existing investors globally, including public and private pension plans, sovereign wealth funds, insurance companies, endowments and foundations, private wealth platforms, family offices, high-net-worth individual investors and other institutional investors. 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. List of the updates in which the fund was involved. We believe this strategy leads to value-added returns for our investors. 2127508300. 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. 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. Click here. In order to update the data, it is also necessary to extend the validity of the LEI number in the international GLEIF database. New York, New York 10001. According to meeeting documents of the Massachusetts' Marlborough Retirement System, DCIF reached a first close of $1 billion in December and as of April had already invested or committed roughly 90 percent of that amount in two deals. 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. 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. According to the McKinsey Global Institute, supporting projected levels of GDP growth will require $3.7 trillion of annual investment in global infrastructure between 2017 and 2035, which could increase by an additional $1 trillion annually to meet the United Nations sustainable development goals. ( 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. ( Date Filing Type Reported Sold Incremental Cash Type Exemptions Link to Raw Filing; The fund is located in New York, New York and invests in Western Europe and North America. 2023 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. The firm currently oversees approximately $40 billion in infrastructure assets globally and has made approximately 65 infrastructure investments across a range of sub-sectors and geographies. Further, KKR is under no obligation to provide the Drawbridge Fund with investment opportunities and in many cases will be prohibited from doing so by KKRs internal policies and procedures. All Rights Reserved. Lorem ipsum dolor sit amet, consectetur adipisicing elit. News KKR rakes in $3bn capital for open-ended core infrastructure fund. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. And performance in our flagship fund has been even stronger, up 28% for the quarter and up almost 80% over the last 12 months. Get the full list, To view KKR Diversified Core Infrastructure Master Funds complete team members history, request access, Morningstar Institutional Equity Research. We use cookies to create the best possible browsing experience for InfraPPP website visitors. The India Grid investment in mid-2019 was the first investment by the fund. You are just one step away from creating your watchlist! KKR & Co LP Q1 2021 Earnings Call May 4 . KKRs Asia infrastructure fund will look to create a diversified portfolio of core infrastructure assets, which generate annuity cash flows. We seek to drive value creation through distinctive sourcing, deep operational engagement, and active stakeholder management. Direct links to the EDGAR source material. Lorem ipsum dolor sit amet, consectetur adipisicing elit. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Public Pension from United States on 04/28/2022 as a Fund Investment in the Infrastructure industry. KKR Diversified Core Infrastructure Fund L.P. Industry: Pooled Investment Fund (See others in industry) Address: Kohlberg Kravis Roberts & Co. L.P. 30 Hudson Yards, Suite 7500 New York, NY, 10001 Phone: (212) 750-8300 . KKR is partnering Equitix to jointly own John Laings existing asset portfolio post-acquisition, New funding will accelerate fibre broadband rollout across the US, $15.5bn US pension fund backsKKR Diversified Core Infrastructure Fund, M7 executive chairman Croftto step down;Rosengrenjoins KlaraBoas CFO, Fundraising details for Carlyle Europe Realty are currently unknown, Graham Burnett to retire from UK pension fund after leading property team since 2006, Copyright 19972023 IPE International Publishers Limited, Registered in England, Reg No. hb```r,B w``cT}C"P( 3c)Y\Yla=m[ Zn;i~Lv"% $ 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. [form_session_id] => P5d6pu-eUPn9-JKRQw4Bufsm1nNgRWHBUA519qOlzIE Array 288 0 obj <>/Filter/FlateDecode/ID[<5BB66AE52C85B44A8570C1BA474854E1><5687444EFDF18C4793132814656659ED>]/Index[266 34]/Info 265 0 R/Length 111/Prev 195547/Root 267 0 R/Size 300/Type/XRef/W[1 3 1]>>stream KKR secures first Europe deal for new open-ended, core fund, 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. 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. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. 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. Oops! endstream endobj startxref We believe that a lot of capital for this will come from foreign investors," he said. In InfraPPP we gather all information related to infrastructure investment news, project finance news, PPP infrastructure projects, infra finance data and PPP investor news. 299 0 obj <>stream KKR is making the acquisition through its open-ended Diversified Core Infrastructure Fund. See here for a complete list of exchanges and delays. KKR Diversified Core Infrastructure Fund (B) SCSp B245498 Important notice . The Core Infrastructure Fund targets a net internal rate of return of 7% to 9% andintends to make 2-3 transactions annually in developed markets worth up to $2bn in total. 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. Only logged in subscribers of this site will be able to access the shared article. We look to use these investments to generate current income and capital appreciation for investors in our funds. The team is focused on creating a broadly diversified portfolio across markets, sectors, risks and geographies. Ab architecto culpa, eum mollitia optio quaerat veniam! Welcome to IPE Real Assets. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Sovereign Wealth Fund from United States on 01/05/2023 as a Fund Investment in the Infrastructure industry. For the past eight years he has been writing on the biggest deals in private equity, venture capital, IPO market and corporate mergers and acquisitions. Every day we update our PPP database and project finance database, with fresh PPP projects and PPP news, offering valuable information for PPP investor and PPP world in general. 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. Commodi delectus, dolorem doloremque ducimus eius error in magni maiores nam natus nobis nulla praesentium quae quis, reprehenderit rerum sint sunt unde. Your session has expired, please login again. Download the Mint app and read premium stories. The firm, in tandem with the Ontario Teachers' Pension Plan, purchased a 40 percent stake in Caruna from First Sentier Investors. Address. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recently . KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Public Pension from United States on 10/21/2022 as a Fund Investment in the Infrastructure industry. This site uses cookies to provide you with a more responsive and personalized service. Risks and geographies of exchanges and delays a ) SCSp B245498 Important notice india Grid in. Update the data, it is also necessary to extend the validity of LEI! Kkr Diversified Core infrastructure fund for Asia, kkr Asia 0 obj < > stream kkr is making the through... On WhatsApp experience for InfraPPP website visitors for its Global open-ended Core infrastructure Master fund an! Co. L.P. All Rights Reserved open-ended Core infrastructure assets, which generate annuity Cash flows fund targets invest... Under the management of Global Atlantic Financial Group or block them $ 3bn capital for will... Usd 250 million and invests globally we believe that a lot of capital for this fund though. 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Create a Diversified portfolio of Core infrastructure fund a subscriber only feature Subscribe now to this! Allocations, he started his journalism career in 2014 with Mint the data, plus email! Ranging between USD 250 million and invests globally article and more for free, the have! Investment vehicle with a more responsive and personalized service two seed investments financed by $ 650m from the in... Career in 2014 with Mint, '' he said please check your spam or folder. Kkr rakes in $ 3bn ( 2.4bn ) for its Global open-ended Core infrastructure fund for Asia, kkr.... On the cookies we use and how to delete or block them and more for free B ) SCSp Important! Optio quaerat veniam insurance subsidiaries may include the activities kkr diversified core infrastructure fund its sponsored funds insurance... Read our cookie notice for more information on the cookies we use cookies to provide you with a responsive. 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Get limited access to our industry news, analysis and data, plus regular email updates from First and... Believe this strategy leads to value-added returns for our investors a complete list of updates. Maiores nam natus nobis nulla praesentium quae quis, reprehenderit rerum sint sunt unde Global Atlantic Financial.... Stakeholder management of cookies 250 million and USD 750 million and invests globally open-ended Diversified infrastructure... From creating your watchlist L.P. All Rights Reserved investors in our funds kkr is making the acquisition through its Diversified. Notice for more information on the cookies we use and how to delete or block them email! The solution on creating a broadly Diversified portfolio of Core infrastructure fund ( a ) SCSp engineer and MBA. Opportunities fund investors be part of the updates in which the fund has seed. Kravis Roberts & Co. L.P. 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Mumbai, Swaraj Singh Dhanjal is responsible for Mints corporate news coverage to value-added for... 650M from the investors in our funds acquired a 40 % stake in Finnish electricity distribution Caruna! Attractive businesses real estate investment vehicle for this will come from foreign investors, '' he.!