A verification email is on its way to you. [Current_Location] => TW ). The Fund has a broad investment mandate across a number of infrastructure sectors and predominantly pursues assets with strong existing cash flows and attractive reinvestment opportunities for future growth. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. All forward-looking statements speak only as of the date they are made. Doloribus est molestiae numquam repudiandae totam. KKR has secured the first European asset for its new open-ended core infrastructure fund with the acquisition of a 40 percent stake in Caruna, Finland's largest electricity distribution company. ( Date Filing Type Reported Sold Incremental Cash Type Exemptions The primary source of capital funding for Lutheran churches and schools . DCIF is KKR's first open-end infrastructure fund that seeks to pursue core infrastructure investments with a buy-and-hold approach. Copyright HT Digital Streams Limited All rights reserved. In order to update the data, it is also necessary to extend the validity of the LEI number in the international GLEIF database. KKR's Asia infra fund will look to create a diversified portfolio of core infrastructure assets . 299 0 obj <>stream 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. Lorem ipsum dolor sit amet, consectetur adipisicing elit. Reporting by Chibuike Oguh in New York; Editing by Nick Zieminski. KKR Diversified Core Infrastructure Master Fund, Youre viewing 5 of 9 limited partners. All three of the primary return drivers for the sleeve (proprietary core model, beta and dividend yield) contributed, with the proprietary core model contributing the most, followed by beta and dividend yield. Filings. Filings. All rights reserved. The fund targets to invest in infrastructure sector with investments ranging between USD 250 million and USD 750 million and invests globally. 212-750-8300 We believe that a lot of capital for this will come from foreign investors," he said. Telephone: +1 (877) 610-4910 You can check all the benefits of becoming a member and purchase a subscription on our membership page. KKR will be investing $1 billion of capital in the Fund alongside these investors through the Firms balance sheet, affiliates, and employee commitments. Sovereign Investor Leadership Conference March 2023 KKR Diversified Core Infrastructure Master Fund is an infrastructure core fund managed by Kohlberg Kravis Roberts. A link has been emailed to you - check your inbox. Brandon Donnenfeld, a Managing Director who leads capital raising and business development for KKRs infrastructure business, added: When we first launched our infrastructure investing business more than a decade ago, we did so with a distinctive strategy focused on downside protection, which has served us well in performing for our investors, particularly throughout the COVID-19 pandemic. For the past eight years he has been writing on the biggest deals in private equity, venture capital, IPO market and corporate mergers and acquisitions. ). The fund . Consistent with KKRs risk-based approach to infrastructure investing, the Fund will focus on critical infrastructure investments with low volatility and strong downside protection where KKR believes it can achieve attractive risk-adjusted returns by leveraging its experienced team, risk-based strategy, long track record of operational value creation, and global network of industry experts. KKR Diversified Core Infrastructure Master Fund is an infrastructure core fund managed by Kohlberg Kravis Roberts. Private equity firms tend to raise successor funds that are 10% to 20% larger than their predecessors. Only logged in subscribers of this site will be able to access the shared article. In order to update the data, it is also necessary to extend the validity of the LEI number in the international GLEIF database. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. 69346N107 188986.00000000 NS USD 2823450.84000000 0.969961068970 Long EC RF US N 1 N N N MainStay CBRE Global Infrastructure Megatrends Fund . Since 1996, we have invested over USD 195 billion in private equity, private debt, private real estate, and private infrastructure on behalf of our clients globally. "h,&HTL2H0&E 4R H$m`3&F  FP MERITS: KKR's Diversified Core Infrastructure Fund (DCIF) focuses on investments in established brownfield assets diversified by sector an d geography with high EBITDA margins and contracted or regulated cash flows. This site uses cookies. Global demand for building and upgrading critical infrastructure, as well as supporting responsible energy transition and growing broadband access, requires funding far in excess of public sources, which provides a big opportunity for private capital, said Brandon Freiman, Head of North American Infrastructure at KKR. Sale. The following factors, among others, could cause actual results to vary from the forward-looking statements: whether KKR realizes all or any of the anticipated benefits from converting to a corporation and the timing of realizing such benefits; whether there are increased or unforeseen costs associated with the conversion, including any adverse change in tax law; the volatility of the capital markets; the general volatility of the capital markets; failure to realize the benefits of or changes in KKRs business strategies including the ability to realize the anticipated synergies from acquisitions or strategic partnerships or other transactions; availability, terms and deployment of capital; availability of qualified personnel and expense of recruiting and retaining such personnel; changes in the asset management industry, interest rates or the general economy; underperformance of KKR's investments and decreased ability to raise funds; and the degree and nature of KKRs competition. But KKRs latest global infrastructure fund would be significantly bigger than KKR Global Infrastructure Investors III, which amassed $7.4 billion from investors in 2018. KKR Diversified Core Infrastructure Fund L.P. Industry: Pooled Investment Fund (See others in industry) Address: Kohlberg Kravis Roberts & Co. L.P. 30 Hudson Yards, Suite 7500 New York, NY, 10001 Phone: (212) 750-8300 . KKR Diversified Core Infrastructure Fund (A) SCSp. NEW YORK & LONDON - (BUSINESS WIRE)- KKR, a leading global investment firm, today announced the final closing of KKR Global Infrastructure Investors IV (the "Fund"), a $17 billion fund focused on pursuing global infrastructure investment opportunities with an emphasis on investments in OECD countries in North America and Western Europe . KKRs Asia Pacific infrastructure portfolio includes India Grid Trust, a publicly traded infrastructure investment trust, Virescent Infrastructure, a renewable energy company in India, Eco Solutions Group, an environmental services provider in South Korea, First Gen, a Philippines power producer, TSK Corp, an environmental services management company in South Korea, and Pinnacle Towers, a telecommunications infrastructure provider in the Philippines. Lorem ipsum dolor sit amet, consectetur adipisicing elit. The firm currently oversees approximately $40 billion in infrastructure assets globally and has made approximately 65 infrastructure investments across a range of sub-sectors and geographies. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR's third and second infrastructure funds have generated 0.97 times and 1.49 times respectively of their investors' money as of March 2020, according to the New York City Police Pension Fund. https://www.businesswire.com/news/home/20220314005151/en/. Some of their recent investments include Canadian pipeline company Coastal GasLink, Florida-based renewables energy operator Nitrogen Renewables, and Indian power transmission developer IndiGrid Trust. In InfraPPP we gather all information related to infrastructure investment news, project finance news, PPP infrastructure projects, infra finance data and PPP investor news. If you are an existing subscriber please sign in to read this content in full. KKR Diversified Core Infrastructure Fund (DCIF) focuses on investments in established brownfield assets diversified by sector and geography with high EBITDA margins and contracted or regulated cash fl Lorem ipsum dolor sit amet, consectetur adipisicing elit. KKR established its Global Infrastructure strategy in 2008 and has since been one of the most active infrastructure investors around the world with a team of approximately 75 dedicated investment professionals. Additional information about factors affecting KKR, including a description of risks that may be important to a decision to purchase or sell any common or preferred stock of KKR & Co. Inc., can be found in KKR & Co. Inc.s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its other filings with the SEC, which are available at www.sec.gov. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. KKR offer effectively splits John Laing in two, II Debt 30: The largest infra credit GPs raise over $139bn, Best Practice in Infrastructure Asset Management, Managing Risk in Infrastructure Investments, IRA tax credits will usher in a new wave of ESG, Infrastructure Investor Global Summit 2023. The scale of global infrastructure investment demand is enormous, and there is a growing need to replace and expand international infrastructure including all parts of the energy supply chain and a wide array of public services such as roads, railways, airports, and communications networks. Registered Office: 1 Kentish Buildings, 125 Borough High Street, London SE1 1NP, Germany eases tax on Spezialfonds investing in renewables, Ivanho Cambridge, Belfius, Belgiums SWF back co-living firm Cohabs, Patrizia Infrastructure acquires Italian bio-LNG producer Biomet. Don't have an account? KKR is partnering Equitix to jointly own John Laings existing asset portfolio post-acquisition, New funding will accelerate fibre broadband rollout across the US, $15.5bn US pension fund backsKKR Diversified Core Infrastructure Fund, M7 executive chairman Croftto step down;Rosengrenjoins KlaraBoas CFO, Fundraising details for Carlyle Europe Realty are currently unknown, Graham Burnett to retire from UK pension fund after leading property team since 2006, Copyright 19972023 IPE International Publishers Limited, Registered in England, Reg No. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recently . Register now to read this article and more for free. We will buy operating assets in sectors such as transportation, including roads, ports, and airports, renewables, oil and gas pipelines, electricity distribution and telecom infra, including data centres. The team is focused on creating a broadly diversified portfolio across markets, sectors, risks and geographies. Don't have an account? [form_session_id] => k61vqeGIFMynaDAGG_xYicANx8YNNRtHrJw88uh-Nrk Read our policy. By clicking OK below, I acknowledge that I have read and understood the following important information: Access to the KKR Investor Portal is provided to investors in Drawbridge Realty Partners, L.P. (the Drawbridge Fund) by Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, KKR) solely in KKRs capacity as an administrator to the Drawbridge Fund and at the direction of Drawbridge Realty (Drawbridge). Proactive outreach, strong reputation and relationships, focused local networks, and resources valued by management teams and entrepreneurs have the potential to yield investments not available to others. An engineer and an MBA, he started his journalism career in 2014 with Mint. It'll just take a moment. To read the digital edition of the latestIPE Real Assets magazineclickhere. Click here to register, Not for publication, email or dissemination, IRA tax credits will usher in a new wave of ESG in America, Europeans American dream prompts DC Advisory to launch US infra team, Celebrating excellence: Infrastructure Investor Annual Awards 2022, DigitalBridge: People were just investing. Kohlberg Kravis Roberts Co LP. Accusamus aliquid animi commodi cumque nam nemo! Sovereign Investor Leadership Conference March 2023 The fund is located in New York, New York and invests in Western Europe and North America. We seek to drive value creation through distinctive sourcing, deep operational engagement, and active stakeholder management. Sovereign Investor Leadership Conference March 2023 Beatae, voluptate! There is no guarantee that investments meeting these characteristics will be available or that all investments within the KKR Diversified Core infrastructure Fund will meet such characteristics. Based in Mumbai, Swaraj Singh Dhanjal is responsible for Mints corporate news coverage. 2021-05-26T13:19:00Z. Ab architecto culpa, eum mollitia optio quaerat veniam! 266 0 obj <> endobj Industry: Pooled Investment Fund (See others in industry) Address: Kohlberg Kravis Roberts & Co. L.P. 30 Hudson Yards, Suite 7500 New York, NY, 10001 Phone: (212) 750-8300 . This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. According to meeeting documents of the Massachusetts' Marlborough Retirement System, DCIF reached a first close of $1 billion in December and as of April had already invested or committed roughly 90 percent of that amount in two deals. Get limited access to our industry news, analysis and data, plus regular email updates. We seek to drive value creation through distinctive sourcing, deep operational engagement, and active stakeholder management. You should only be asked to sign in once. Our goal is to achieve returns through the acquisition and operational improvement of infrastructure assets, which are important to the functioning of regional and local economies. Address. 33739B104 366575.00000000 NS USD 2862950.75000000 0.983530766868 Long EC RF US . The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. All quotes delayed a minimum of 15 minutes. The UK-based infrastructure investor and developer will be split into a development company and an asset company should KKRs 2bn offer be accepted. The latest news and business opportunities, Hospitality Investment& Financing Community, 2023 Copyright Aninver Development Partners, S.L. 2023 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. The forward-looking statements are based on KKRs beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. New Mexico SIC told IPE Real Assets that the commitment to the fund was a good complement to the sovereign wealth funds existing infrastructureportfolio which previously had a slightly riskier strategy. Drawbridge is an independently managed real estate investment vehicle. We underwrite., First-time fortunes for emerging managers. Our strategy is to seek infrastructure investments with limited downside risk. KKR Diversified Core Infrastructure Fund (B) SCSp B245498 Important notice . Not the case? 04014F102 165062.00000000 NS USD 1913068.58000000 0.657210679421 Long EC RF US N 1 N N N KKR Income Opportunities Fund . The recipient should not distribute this Communication to any person (other than its legal, investment or tax advisors) without the prior consent of Drawbridge. The above outlines the characteristics that KKR would expect to seek in deals when executing deals for the KKR Diversified Core Infrastructure Fund. The firm, in tandem with the Ontario Teachers' Pension Plan, purchased a 40 percent stake in Caruna from First Sentier Investors. Phone. These resource issues have created a heightened need for experienced private capital. Energy - Transport - Water & Waste - Telecom & I.C.T. KKR has hit the final close of its $3.9 billion maiden infrastructure fund for Asia, KKR Asia Pacific Infrastructure Investors SCSp, the American private equity investor said on Monday. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Our long history of value creation, coupled with our substantial investment in people, processes and resources to drive operational improvement, positions us to create value in infrastructure assets. Beatae cupiditate dolore doloremque dolorum, ducimus ea et fugiat impedit iure labore magnam, nisi quis repudiandae suscipit tempore vel voluptate? According to the McKinsey Global Institute, supporting projected levels of GDP growth will require $3.7 trillion of annual investment in global infrastructure between 2017 and 2035, which could increase by an additional $1 trillion annually to meet the United Nations sustainable development goals. The prior funds, KKR Global Infrastructure Investors II and KKR Global Infrastructure Fund, had raised $3.1 billion and $1 billion, respectively. Information regarding the Drawbridge Fund accessed through the KKR Investor Portal is confidential and intended for Drawbridge Fund investors only. ", Copyright 2022 HT Digital Streams Ltd All Right Reserved. Filings. Oops! References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. (Reuters) - Buyout firm KKR & Co Inc is seeking to raise $12 billion for its flagship global fund that will invest in infrastructure assets such as oil and gas pipelines and renewable energy projects, according to people familiar with the matter. Services. Your session has expired, please login again. Debevoise & Plimpton LLP represented KKR as primary fund counsel for this fundraise. Widen out consumption to avert an income trap, Forget chatbots, this is how US companies are using AI. You are now subscribed to our newsletters. KKRs Infrastructure funds are managed by Raj Agrawal. Facsimile: +1 (212) 750-0003 ( Please check your spam or junk folder just in case. KKR Diversified Core Infrastructure Fund (DCIF) Fund type Open-ended Fund Stages Fundraising Geography Focuses Global Investment types Equity Investment sectors Energy - Transport - Water & Waste - Telecom & I.C.T. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Safety Pension from United States on 04/01/2021 as a Fund Investment in the Infrastructure industry. , life and reinsurance products under the management of Global Atlantic Financial Group update the data, plus email! Lutheran churches and schools fugiat impedit iure labore magnam, nisi quis repudiandae suscipit tempore voluptate... Extend the validity of the LEI number in the international GLEIF database USD 2823450.84000000 0.969961068970 Long EC RF US 1. 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