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(Reuters) – Global investment firm KKR & Co said on Wednesday it has raised $6.4 billion for a fund focused on infrastructure and energy-related investments across the fast-growing Asia-Pacific region.
New York-based KKR said the fund is the largest pan-regional infrastructure fund raised for the Asia-Pacific region.
Hardik Shah said: “With Asia accounting for more than 60% of global growth due to rising domestic consumption and productivity, rapid urbanization and the rise of a large middle class, the need for new infrastructure and sustainable energy sources is increasing. “Sex will continue to accelerate in the future.” A partner in KKR’s infrastructure team, based in Mumbai, said in a statement.
KKR said the fund has received strong support from new and existing global investors, including public and corporate pensions, sovereign wealth funds, insurance companies, endowments and asset management companies.
KKR said the fund’s mandate covers areas such as renewable energy, power and utilities, water and wastewater, digital infrastructure and transportation.
It added that it has already invested or committed more than half of its capital from the fund in about 10 investments.
KKR first established its global infrastructure team and strategy in 2008 and now manages approximately $56 billion in assets across more than 80 infrastructure investments worldwide.
In the Asia-Pacific region, KKR’s assets under management have grown organically to approximately $13 billion since its founding in 2019, according to a statement.
In 2021, KKR raised $3.9 billion for KKR Asia Pacific Infrastructure Investors SCSp, Asia’s largest dedicated infrastructure fund in Asia at the time.
“Infrastructure is a key pillar of KKR’s global and regional strategy,” said David Luboff, co-head of KKR Asia Pacific and head of KKR Asia Pacific Infrastructure.
(Reporting by Nilutpal Timsina in Bengaluru and Yantoultra Ngui in Singapore; Editing by Rashmi Aich and Lincoln Feast.)
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