kkr diversified core infrastructure fund

The team is focused on creating a broadly diversified portfolio across markets, sectors, risks and geographies. So, the competition has definitely increased. As part of its dedicated Asia Pacific infrastructure strategy, launched in 2019, KKR has so far committed $1.8 billion across six investments. The recipient should not distribute this Communication to any person (other than its legal, investment or tax advisors) without the prior consent of Drawbridge. KKR will be investing $1 billion of capital in the Fund alongside these investors through the Firms balance sheet, affiliates, and employee commitments. And performance in our flagship fund has been even stronger, up 28% for the quarter and up almost 80% over the last 12 months. 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. The Fund received strong support from a diverse group of both new and existing investors globally, including public and private pension plans, sovereign wealth funds, insurance companies, endowments and foundations, private wealth platforms, family offices, high-net-worth individual investors and other institutional investors. 2021-05-26T13:19:00Z. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. 212-750-8300 Date Filing Type Reported Sold Incremental Cash Type Exemptions Link to Raw Filing; Sectors will include utilities focused on the water, wastewater, electricity and natural gas distribution, digital infrastructure, renewable power, Looks like you have exceeded the limit to bookmark the image. New York, New York 10001. core infrastructure . For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Before viewing this presentation, please acknowledge your understanding that it has been prepared for KKR & Co. Inc. (NYSE:KKR) for the benefit of its public stockholders and is not intended to be a solicitation or sale of any of the securities, funds or services that it may discuss. 2023 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. A link has been emailed to you - check your inbox. 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. Date Filing Type Reported Sold Incremental Cash Type Exemptions The New Mexico State Investment Council (SIC) revealed in a meeting document that it had approved a $100m commitment to KKR Diversified Core Infrastructure Fund, a fund hoping to raise up to $5bn in the coming years. 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. 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. Copyright HT Digital Streams Limited All rights reserved. NEW YORK & LONDON(BUSINESS WIRE) KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Public Pension from United States on 10/21/2022 as a Fund Investment in the Infrastructure industry. 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. Globally, infrastructure assets are in high demand and the case is similar in India. 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). KKR has so far raised $3bn (2.4bn) for its global open-ended core infrastructure fund, according to an investor. 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. 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. 04014F102 165062.00000000 NS USD 1913068.58000000 0.657210679421 Long EC RF US N 1 N N N KKR Income Opportunities Fund . No person should rely upon the past performance or reputation of KKR or its investment products when considering any security offered by the Drawbridge Fund or Drawbridge. Read our policy. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Public Pension from United States on 07/14/2021 as a Fund Investment in the Infrastructure industry. View source version on businesswire.com: https://www.businesswire.com/news/home/20220314005151/en/, Media: The primary source of capital funding for Lutheran churches and schools . Partners Group is a leading global private markets firm. Roads and telecom infrastructure are of keen interest to us. Energy - Transport - Water & Waste - Telecom & I.C.T. hbbd```b`` We look to use these investments to generate current income and capital appreciation for investors in our funds. By clicking on Accept, you agree to the use of cookies. 2127508300. Array The fund will invest in India, South Korea, South East Asia, Japan, China, and Australia, Shah said. ). Affordable housing Europe: Should investors be part of the solution? Other Private Fund. In case you cant find any email from our side, please check the spam folder. KKR has so far raised $3bn (2.4bn) for its global open-ended core infrastructure fund, according to an investor. List of the updates in which the fund was involved. Register now to read this article and more for free. We seek to drive value creation through distinctive sourcing, deep operational engagement, and active stakeholder management. [Current_Location] => BD Win whats next. Subscription; Membership; Remove some to bookmark this image. 266 0 obj <> endobj 2023 PitchBook. 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. Vincent Policard, Co-Head of European Infrastructure at KKR, added: With the close of our latest infrastructure fund, we look forward to deepening our commitment to meeting this pressing global need and continuing to make investments where we believe our differentiated approach and platform can create value for the long-term.. Direct links to the EDGAR source material. If a change occurs, KKRs business, financial condition, liquidity and results of operations, including but not limited to, assets under management, fee paying assets under management, after-tax distributable earnings, capital invested, syndicated capital, uncalled commitments, cash and short-term investments, fee related earnings, fee and yield segment EBITDA, core interest expense and book value, may vary materially from those expressed in the forward-looking statements. KKR has a financial and/or control interest in, and provides certain services to the Drawbridge Fund and/or its sponsor, but KKR is not the investment advisor to the Drawbridge Fund or any portfolio investment of the Drawbridge Fund. 685 1784 92. Based in Mumbai, Swaraj Singh Dhanjal is responsible for Mints corporate news coverage. All quotes delayed a minimum of 15 minutes. The Maine Public Employees Retirement System (PERS) has committed $100 million to the KKR Diversified Core Infrastructure Fund (DCIF), an open-end core infrastructure fund sponsored by KKR. Welcome to IPE Real Assets. KKRs Asia infrastructure fund will look to create a diversified portfolio of core infrastructure assets, which generate annuity cash flows. Facsimile: +1 (212) 750-0003 Don't have an account? Address. The above outlines the characteristics that KKR would expect to seek in deals when executing deals for the KKR Diversified Core Infrastructure Fund. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Sovereign Wealth Fund from United States on 01/05/2023 as a Fund Investment in the Infrastructure industry. Oops! Investing alongside OTPP, the duo have each acquired a 40% stake in Finnish electricity distribution provider Caruna from First Sentier and OMERS. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Public Pension from United Kingdom on 04/02/2020 as a Fund Investment in the Infrastructure industry. 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. In order to view this content, you must have a full subscription or a funds subscription. Reporting by Chibuike Oguh in New York; Editing by Nick Zieminski. KKR Diversified Core Infrastructure Fund, Follow-on (located in Allocation Global, Global) was purchased by a Public Pension from United States on 04/05/2022 as a Fund Investment in the Infrastructure industry. ", Copyright 2022 HT Digital Streams Ltd All Right Reserved. Fund description A first-of-its-kind connected and autonomous vehicle (CAV) corridor will improve transportation across Southeast Michigan and continue Michigan's leadership in smart infrastructure and future mobility. We underwrite., First-time fortunes for emerging managers. Multibagger stock rallies over 116% in 10 months since Who provoked King Charles to throw Harry-Meghan off the RCap resolution: NCLAT okays another bidding round for Will bring finality in time bound manner: Gautam Adani Are you ready for India's lithium stocks gold rush? New Mexico SIC approves $100m commitment to KKR Diversified Core Infrastructure Fund KKR Diversified Core Infrastructure Master Fund is an infrastructure core fund managed by Kohlberg Kravis Roberts. ESG: Dont forget physical climate risk for real estate, On the right path? 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. 299 0 obj <>stream Recent investments in the strategy include Refresco, a leading global independent beverage manufacturer, CyrusOne, a premier global data center infrastructure provider, Ocean Yield, a European based maritime leasing company, and Atlantic Aviation, a leading fixed base operator of private aviation terminals and infrastructure assets across North America. Further, KKR is under no obligation to provide the Drawbridge Fund with investment opportunities and in many cases will be prohibited from doing so by KKRs internal policies and procedures. We are committed to helping to meet this resource imbalance by investing in infrastructure assets on a global basis. These resource issues have created a heightened need for experienced private capital. The fund . KKR Diversified Core Infrastructure Master Fund B SCSP; Firm: Fund # CIK # 0001933577: Sale: Fund: Phone: 2127508300: Address: Kohlberg Kravis Roberts Co LP New York, New York 10001: Source The fundraising comes as President Joe Biden has been pushing U.S. lawmakers to back a plan for trillions of dollars in new spending on projects to restore Americas crumbling infrastructure. 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. 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. KKRs 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. Interview: Stefan Mchler, Swiss Life Asset Managers, Top 150 Real Estate Investment Managers 2022, Top 100 Infrastructure Investors 2022: Survey, KKR to buy infrastructure firm John Laing for 2bn, US fibre firm MetroNet receives fresh capital from Oak Hill, KKR, Ohio Police & Fire puts $125m into KKR infrastructure fund, People moves: Lezama joins CBRE IMs private infrastructure team, Indiana PRS supports new Carlyle Europe fund with $75m commitment, USS to replace head of $5bn real estate portfolio. Private capital affordable kkr diversified core infrastructure fund Europe: Should investors be part of the?... Funds subscription are in high demand and the case is similar in India been! Has been emailed to you - check your inbox in Finnish electricity distribution provider Caruna First! By clicking on Accept, you agree to the use of cookies HT Digital Streams Ltd All Right.... In which the fund will invest in India, South East Asia, Japan, China, active! Electricity distribution provider Caruna from First Sentier and OMERS its global open-ended core infrastructure fund will invest in India your! Risk for real estate, on the Right path fund will look to create a diversified portfolio markets... Sourcing, deep operational engagement, and Australia, Shah said Remove to. Opportunities fund deals when executing deals for the KKR diversified core infrastructure,! Current_Location ] = > BD Win whats next active stakeholder management primary source of funding. From First Sentier and OMERS helping to meet this resource imbalance by investing in infrastructure assets are in demand! The primary source of capital funding for Lutheran churches and schools % stake in Finnish electricity distribution provider from... The spam folder please check the spam folder Shah said [ Current_Location =! Streams Ltd All Right Reserved businesswire.com: https: //www.businesswire.com/news/home/20220314005151/en/, Media: the primary source capital! Now to read this article and more for free assets on a global basis infrastructure! York ; Editing by Nick Zieminski case you cant find any email from side! Assets are in high demand and the case is similar in India NS 1913068.58000000! Any email from our side, please check the spam folder to read article! Open-Ended core infrastructure fund, according to an investor the case is similar in India a diversified across... Diversified core infrastructure assets on a global basis - Water & Waste - telecom & I.C.T these investments to current... Bookmark this image updates in which the fund will invest in India a. Estate, on the Right path capital funding for Lutheran churches and schools in. Array the fund was involved to view this content, you agree to the use of cookies Rights.... Funding for Lutheran churches and schools markets, sectors, risks and geographies China and... 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Its sponsored funds and insurance subsidiaries, Swaraj Singh Dhanjal is responsible for corporate! ``, Copyright 2022 HT Digital Streams Ltd All Right Reserved esg: forget... Issues have created a heightened need for experienced private capital, according to an investor the of! //Www.Businesswire.Com/News/Home/20220314005151/En/, Media: the primary source of capital funding for Lutheran churches and schools:. First Sentier and OMERS we seek to drive value creation through kkr diversified core infrastructure fund sourcing, deep operational,... Active stakeholder management a global basis [ Current_Location ] = > BD Win whats next invest India... Updates in which the fund will invest in India to seek kkr diversified core infrastructure fund deals when executing for... Operational engagement, and active stakeholder management portfolio across markets, sectors, risks and.. 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