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. 69346N107 188986.00000000 NS USD 2823450.84000000 0.969961068970 Long EC RF US N 1 N N N MainStay CBRE Global Infrastructure Megatrends Fund . The Core Infrastructure Fund targets a net internal rate of return of 7% to 9% andintends to make 2-3 transactions annually in developed markets worth up to $2bn in total. Lorem ipsum dolor sit amet, consectetur adipisicing elit. Reporting by Chibuike Oguh in New York; Editing by Nick Zieminski. 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 B245499 Important notice . 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. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR & Co LP Q1 2021 Earnings Call May 4 . Affordable housing Europe: Should investors be part of the solution? media@kkr.com, Craig Larson So, the competition has definitely increased. KKR has so far raised $3bn (2.4bn) for its global open-ended core infrastructure fund, according to an investor. 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. The fund will invest in India, South Korea, South East Asia, Japan, China, and Australia, Shah said. 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 . [form_session_id] => P5d6pu-eUPn9-JKRQw4Bufsm1nNgRWHBUA519qOlzIE The closing comes at a time of significant growth in demand for private infrastructure investment, particularly in sectors including digital communications, energy transition, transportation, water, waste, and industrial infrastructure, among others. Please check your spam or junk folder just in case. 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. The fund . %PDF-1.6
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KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Public Pension from United States on 04/28/2022 as a Fund Investment in the Infrastructure industry. We seek to drive value creation through distinctive sourcing, deep operational engagement, and active stakeholder management. Our strategy is to seek infrastructure investments with limited downside risk. [Current_Location] => TW DCIF is KKR's first open-end infrastructure fund that seeks to pursue core infrastructure investments with a buy-and-hold approach. Accusamus aliquid animi commodi cumque nam nemo! Energy - Transport - Water & Waste - Telecom & I.C.T. 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. 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.. KKR's Asia infra fund will look to create a diversified portfolio of core infrastructure assets . The assets are wind and solar properties in the US and an electricity distribution centre in Finland. Looks like you have exceeded the limit to bookmark the image. All Rights Reserved. We ask for most of the necessary data from the Companies Register, and it only takes a few . To read the digital edition of the latestIPE Real Assets magazineclickhere. Please click on "I understand" to view the presentation. In order to view this content, you must have a full subscription or a funds subscription. Date Filing Type Reported Sold Incremental Cash Type Exemptions Link to Raw Filing; Please read our cookie notice for more information on the cookies we use and how to delete or block them. A verification email is on its way to you. 299 0 obj
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A link has been emailed to you - check your inbox. Array For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. The firm and its employees are plowing about $360 million into the fund, taking its overall size to $7.4 billion, KKR's global head of infrastructure Raj Agrawal said in an interview. All quotes delayed a minimum of 15 minutes. Don't have an account? 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. 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. Accusamus fuga nesciunt quos. And performance in our flagship fund has been even stronger, up 28% for the quarter and up almost 80% over the last 12 months. ", Copyright 2022 HT Digital Streams Ltd All Right Reserved. We seek to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses . PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. All forward-looking statements speak only as of the date they are made. We see a massive opportunity in the Indian governments National Infrastructure Pipeline. 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. Sovereign Investor Leadership Conference March 2023 Filings. Private equity firms tend to raise successor funds that are 10% to 20% larger than their predecessors. . 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. 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. KKR Diversified Core Infrastructure Fund (B) SCSp B245498 Important notice . Email: Investor-Relations@kkr.com. KKR Diversified Core Infrastructure Fund (A) SCSp. It'll just take a moment. 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. Get limited access to our industry news, analysis and data, plus regular email updates. New Mexico SICs commitment is part of $1bn worth of commitments from limited partners, represented by the Townsend Group, into the KKR fund. 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. As part of its dedicated Asia Pacific infrastructure strategy, launched in 2019, KKR has so far committed $1.8 billion across six investments. 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. 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. ( We are thrilled to have their continued support and look forward to continuing to perform for our investors through this strategy.. View source version on businesswire.com: https://www.businesswire.com/news/home/20220314005151/en/, Media: 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. New York, New York 10001. 2023 PitchBook. Beatae, voluptate! The LEI number of your company has expired! Some sectors have their own cycles such as renewables, which appears to be hot right now, but we believe that India is a deep infrastructure marketwe dont think things are overpriced right now and we see a number of attractive opportunities," Shah said. 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. The fund targets to invest in infrastructure sector with investments ranging between USD 250 million and USD 750 million and invests globally. Sale. 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. Log in to our website to save your bookmarks. The KKR Approach: A Value-Added Investment Strategy Disciplined investment selection Distinctive sourcing and structuring Deep operational engagement Sovereign Investor Leadership Conference March 2023 NEW YORK & LONDON(BUSINESS WIRE) Address. 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. 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. Address. These resource issues have created a heightened need for experienced private capital. 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 . 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. Get limited access to our industry news, analysis and data, plus regular email updates. KKR has hit the final close of its $3.9 billion maiden infrastructure fund for Asia, KKR Asia . 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. 3233596, VAT No. All rights reserved. Based in Mumbai, Swaraj Singh Dhanjal is responsible for Mints corporate news coverage. hbbd```b`` Information regarding the Drawbridge Fund accessed through the KKR Investor Portal is confidential and intended for Drawbridge Fund investors only. Phone. 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. Register now to read this article and more for free. Initiatives in these areas have become more difficult due to a reduction in traditional public funding and weakened economic conditions in many regions of the world. 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. KKR Diversified Core Infrastructure Master Fund is an infrastructure core fund managed by Kohlberg Kravis Roberts. You can check all the benefits of becoming a member and purchase a subscription on our membership page. KKR Diversified Core Infrastructure Master Fund, Youre viewing 5 of 9 limited partners. Predict the closing value of sensex and win free subscription. " 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. 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. (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. The LEI number of your company has expired! 1. 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. The Fund's active industry exposures (which are a byproduct of stock selection) detracted as well as active individual stock exposures. A link has been emailed to you - check your inbox. In order to update the data, it is also necessary to extend the validity of the LEI number in the international GLEIF database. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. [form_session_id] => k61vqeGIFMynaDAGG_xYicANx8YNNRtHrJw88uh-Nrk Drawbridge is an independently managed real estate investment vehicle. Real estate fund managers target net zero, New Forests seeks to raise A$600m for Australia and New Zealand fund, Japanese firms Mitsui, Nomura to buy global forestry manager New Forests, NYSCRF adds $425m to emerging manager programme, Alaska Permanent Fund to invest up to $360m in US multifamily projects. 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. Oops! The recipient should not distribute this Communication to any person (other than its legal, investment or tax advisors) without the prior consent of Drawbridge. 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