KKR & Co. closed its latest infrastructure fund, KKR Global Infrastructure Investors IV, at $17bn, a news release said Monday.
The closed-end fund focuses on pursuing global infrastructure investment opportunities with an emphasis on North America and Western Europe, according to the news release.
The previous fund, KKR Global Infrastructure Investors III, closed at $7.4bn in 2018.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Recent investments by KKR’s infrastructure team include global data center infrastructure provider CyrusOne and European maritime leasing company Ocean Yield, according to the release.
Investors in KKR Global Infrastructure Investors IV include the $279.7bn New York State Common Retirement Fund, Albany; $135.7bn Minnesota State Board of Investment, St. Paul; $95.4bn Michigan Retirement Systems, East Lansing; and $84.7bn Alaska Permanent Fund Corp., Juneau.
A spokeswoman for KKR declined to comment further.
Source: Pensions & Investments
Can’t stop reading? Read more
EQT targets €23bn for flagship EQT XI fund as fundraising cycle begins
EQT targets €23bn for flagship EQT XI fund as fundraising cycle begins EQT has officially set the...
Private equity fast-tracks finance grads amid Wall Street slowdown
Private equity fast-tracks finance grads amid Wall Street slowdown Private equity firms are...
Tikehau Capital leads $161m push into European defence through private equity fund
Tikehau Capital leads $161m push into European defence through private equity fund Tikehau Capital...