Canada Pension Plan Investment Board (CPP Investments) has committed US$750m (€645m) to KKR Global Infrastructure Investors V, as US private firm KKR seeks to raise US$20bn for the fund.
The C$778bn (€477bn) Canadian pension fund disclosed the investment as part of its second-quarter financial results – two months after announcing that it had co-invested alongside KKR to acquire a 45% equity stake in Sempra Infrastructure Partners for US$10bn.
CPP Investments has also committed US$300m to ArcLight Infrastructure Partners VIII, a fund it said will focus on power, renewable energy and midstream assets, primarily in North America.
Last month, CPP Investments said it was investing US$1bn for a minority stake in AlphaGen, an 11GW US power infrastructure portfolio owned by ArcLight Capital Partners-managed funds.
Blue Owl Capital is seeking to raise US$6.5bn for the fund, according to the investment committee report of one of its investors.
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