KKR has raised US$3.9bn (€3.2bn) for its inaugural KKR Asia-Pacific Infrastructure Investors from a diverse group of global infrastructure backers.
The fundraising was significantly oversubscribed when the fund held its final close on reaching its hard cap, to become the largest pan-regional infrastructure fund raised for Asia-Pacific, KKR said. KKR started the capital raising for the new fund in 2019.
KKR said it invested approximately US$300m in capital in the Asia Pacific infrastructure fund through its balance sheet and employee commitments alongside external investors, including public and corporate pensions, sovereign wealth funds, insurance companies, endowments, and private banking platforms.
David Luboff, head of Asia-Pacific Infrastructure at KKR, said: “The size of this fund and the calibre of our limited partners reflects the strength of both our Asia-Pacific and infrastructure businesses.”
Luboff said investors’ commitment to the fund spoke to the firm’s ability to deliver attractive, risk-adjusted returns.
In Asia, KKR has committed US$1.8bn across six investments as part of the firm’s dedicated Asia-Pacific infrastructure strategy, when Luboff was hired to head the KKR Asia infrastructure team.
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