KKR’s latest global infrastructure fund is halfway towards its target of a $20bn (€18.2bn) capital raise.
During a second-quarter 2024 earnings call, KKR’s CFO Rob Lewin said: “We are very pleased with the initial reception of our global infrastructure V fund. Through July, approximately $10bn of capital has been raised.”
KKR announced during the earnings call that the investment period for the KKR Global Infrastructure Investors V fund started last month and will end in July 2030.
The Teacher Retirement System of Texas said it recently committed $75m to the KKR fund. The commitment was approved late last month.
As previously reported, the Arkansas Teacher Retirement System committed $50m to the KKR fund. IPE Real Assets also reported in May that the Minnesota Board of Investment was considering a $200m commitment to the fund.
KKR raised $17bn in March 2022 for KKR Global Infrastructure Investors IV, the previous fund in the series.
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