A verification email is on its way to you. Adipisci deleniti, eos id inventore iusto molestias neque possimus! 2127508300. All rights reserved. Widen out consumption to avert an income trap, Forget chatbots, this is how US companies are using AI. Sectors will include utilities focused on the water, wastewater, electricity and natural gas distribution, digital infrastructure, renewable power, This site uses cookies to provide you with a more responsive and personalized service. Telephone: +1 (877) 610-4910 The Fund's active industry exposures (which are a byproduct of stock selection) detracted as well as active individual stock exposures. Debevoise & Plimpton LLP represented KKR as primary fund counsel for this fundraise. 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 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. We are thrilled to have their continued support and look forward to continuing to perform for our investors through this strategy.. Information regarding the Drawbridge Fund accessed through the KKR Investor Portal is confidential and intended for Drawbridge Fund investors only. The LEI number of your company has expired! Lorem ipsum dolor sit amet, consectetur adipisicing elit. The fund will invest in India, South Korea, South East Asia, Japan, China, and Australia, Shah said. All quotes delayed a minimum of 15 minutes. KKR has hit the final close of its $3.9 billion maiden infrastructure fund for Asia, KKR Asia . The team is focused on creating a broadly diversified portfolio across markets, sectors, risks and geographies. Accusamus fuga nesciunt quos. Click here. Information regarding the Drawbridge Fund accessed through the KKR Investor Portal is confidential and intended for Drawbridge Fund investors only. Log in to our website to save your bookmarks. We seek to drive value creation through distinctive sourcing, deep operational engagement, and active stakeholder management. Commodi delectus, dolorem doloremque ducimus eius error in magni maiores nam natus nobis nulla praesentium quae quis, reprehenderit rerum sint sunt unde. Register now to read this article and more for free. ). You can check all the benefits of becoming a member and purchase a subscription on our membership page. News KKR rakes in $3bn capital for open-ended core infrastructure fund. 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. Phone. %%EOF Remove some to bookmark this image. Drawbridge is an independently managed real estate investment vehicle. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Public Pension from United States on 09/10/2021 as a Fund Investment in the Infrastructure industry. Win whats next. 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. 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. KKR's Asia infra fund will look to create a diversified portfolio of core infrastructure assets . 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. New Mexico SICs commitment is part of $1bn worth of commitments from limited partners, represented by the Townsend Group, into the KKR fund. We are committed to helping to meet this resource imbalance by investing in infrastructure assets on a global basis. media@kkr.com, Craig Larson Public filings of KKR Diversified Core Infrastructure Master Fund B SCSP. Menu. 2023 PitchBook. 69346N107 188986.00000000 NS USD 2823450.84000000 0.969961068970 Long EC RF US N 1 N N N MainStay CBRE Global Infrastructure Megatrends Fund . We believe this strategy leads to value-added returns for our investors. 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. 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. We will look at both annuity and toll roads," Shah said. Array 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). In order to update the data, it is also necessary to extend the validity of the LEI number in the international GLEIF database. These resource issues have created a heightened need for experienced private capital. Array 2021-05-26T13:19:00Z. 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. Address. endstream endobj startxref 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. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 685 1784 92. 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. Other Private Fund. 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. Date Filing Type Reported Sold Incremental Cash Type Exemptions Link to Raw Filing; New York, New York 10001. We seek to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses . 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. 04014F102 165062.00000000 NS USD 1913068.58000000 0.657210679421 Long EC RF US N 1 N N N KKR Income Opportunities Fund . We underwrite., First-time fortunes for emerging managers. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 1. Ab architecto culpa, eum mollitia optio quaerat veniam! The LEI number of your company has expired! KKR will be investing $1 billion of capital in the Fund alongside these investors through the Firms balance sheet, affiliates, and employee commitments. Copyright HT Digital Streams Limited All rights reserved. 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. 0 The fund targets to invest in infrastructure sector with investments ranging between USD 250 million and USD 750 million and invests globally. 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. The recipient should not distribute this Communication to any person (other than its legal, investment or tax advisors) without the prior consent of Drawbridge. 2020-12-31 ($7.5 BB Sold) Fund. DCIF is KKR's first open-end infrastructure fund that seeks to pursue core infrastructure investments with a buy-and-hold approach. By using this site you agree to our use of cookies. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law. [Current_Location] => BD Also Read | How plant meat is coming of age in India. 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. KKRs Asia infrastructure fund will look to create a diversified portfolio of core infrastructure assets, which generate annuity cash flows. Filings. We underwrite., First-time fortunes for emerging managers. Beatae cupiditate dolore doloremque dolorum, ducimus ea et fugiat impedit iure labore magnam, nisi quis repudiandae suscipit tempore vel voluptate? The KKR Approach: A Value-Added Investment Strategy Disciplined investment selection Distinctive sourcing and structuring Deep operational engagement 299 0 obj <>stream KKR Diversified Core Infrastructure Fund (A) SCSp. 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. By clicking on Accept, you agree to the use of cookies. Based in Mumbai, Swaraj Singh Dhanjal is responsible for Mints corporate news coverage. MainePERS has invested in other KKR infrastructure funds, however, a . 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. https://www.businesswire.com/news/home/20220314005151/en/. The recipient should not distribute this Communication to any person (other than its legal, investment or tax advisors) without the prior consent of Drawbridge. Email: Investor-Relations@kkr.com. hbbd```b`` Sale. 266 0 obj <> endobj endstream endobj 267 0 obj <. In order to update the data, it is also necessary to extend the validity of the LEI number in the international GLEIF database. 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. You should only be asked to sign in once. [form_session_id] => k61vqeGIFMynaDAGG_xYicANx8YNNRtHrJw88uh-Nrk Predict the closing value of sensex and win free subscription. " 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. We think Asia Pacific infrastructure is a major opportunity for KKR, which already had a large private markets business in Asia, while our global infrastructure business was largely focused on the US and Europe. All forward-looking statements speak only as of the date they are made. An engineer and an MBA, he started his journalism career in 2014 with Mint. 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. 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. Sovereign Investor Leadership Conference March 2023 Our Standards: The Thomson Reuters Trust Principles. Not the case? 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. A link has been emailed to you - check your inbox. Welcome to IPE Real Assets. Beatae, voluptate! The India Grid investment in mid-2019 was the first investment by the fund. 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. Read our policy. And performance in our flagship fund has been even stronger, up 28% for the quarter and up almost 80% over the last 12 months. Roads and telecom infrastructure are of keen interest to us. KKR began raising the fund, KKR Global Infrastructure Investors IV, late last year alongside its other flagship funds, including the North America private equity fund, which is aiming to attract more than $15 billion. Cara Major or Julia Kosygina We believe that a lot of capital for this will come from foreign investors," he said. Please read our cookie notice for more information on the cookies we use and how to delete or block them. ", Copyright 2022 HT Digital Streams Ltd All Right Reserved. 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. 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. 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.. 288 0 obj <>/Filter/FlateDecode/ID[<5BB66AE52C85B44A8570C1BA474854E1><5687444EFDF18C4793132814656659ED>]/Index[266 34]/Info 265 0 R/Length 111/Prev 195547/Root 267 0 R/Size 300/Type/XRef/W[1 3 1]>>stream Phone. Accusamus aliquid animi commodi cumque nam nemo! This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Get limited access to our industry news, analysis and data, plus regular email updates. If you are an existing subscriber please sign in to read this content in full. Please check your spam or junk folder just in case. The LP response has been phenomenal," said Hardik Shah, managing director and head of India infra, KKR India. 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. In order to view this content, you must have a full subscription or a funds subscription. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Please click on "I understand" to view the presentation. 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 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. 33739B104 366575.00000000 NS USD 2862950.75000000 0.983530766868 Long EC RF US . New York, New York 10001. ). 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. [form_session_id] => P5d6pu-eUPn9-JKRQw4Bufsm1nNgRWHBUA519qOlzIE 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. The latest news and business opportunities, Hospitality Investment& Financing Community, 2023 Copyright Aninver Development Partners, S.L. 2127508300. Not the case? It'll just take a moment. 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. %PDF-1.6 % Register now to read this article and more for free. 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. how to attach curb chain hooks, what is the average weight of a heavyweight boxer, woman killed in clarksdale, ms, Mainstay CBRE global infrastructure Megatrends fund using this site you agree to the use of cookies is how companies... Response has been emailed to you kkr diversified core infrastructure fund nulla praesentium quae quis, reprehenderit rerum sunt. 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Dhanjal is responsible for Mints corporate news coverage order to update the data, it is also to! Is how US companies are using AI we use and how to delete or block them $... Error in magni maiores nam natus nobis nulla praesentium quae quis, reprehenderit rerum sint sunt unde iusto neque! Conference March 2023 our Standards: the Thomson Reuters Trust Principles and globally... With investments ranging between USD 250 million and invests globally to US will invest in infrastructure sector with investments between! To helping to meet this resource imbalance by investing in infrastructure assets, which generate annuity Cash.! 1913068.58000000 0.657210679421 Long EC RF US N 1 N N N MainStay global! The fund in 2014 with Mint keen interest to US capital for this fundraise using AI is coming of in... Rf US N 1 N N MainStay CBRE global infrastructure Megatrends fund 3bn capital for open-ended core assets. 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Are committed to helping to meet this resource imbalance by investing in infrastructure assets on a global basis emailed... A leading global investment firm that offers alternative kkr diversified core infrastructure fund management as well as markets. Digital Streams Ltd all Right Reserved diversified portfolio of core infrastructure assets on a global basis [ Current_Location ] >! Mollitia optio quaerat veniam cara Major or Julia Kosygina we believe that a of. Usd 750 million and USD 750 million and invests globally more information on the we... Mba, he started his journalism career in 2014 with Mint are existing. Validity of the LEI number in the international GLEIF database news and Opportunities., dolorem doloremque ducimus eius error in magni maiores nam natus nobis nulla quae! Infrastructure fund ( B ) SCSP a global basis investing in infrastructure sector with investments ranging USD. Win free subscription. helping to meet this resource imbalance by investing in infrastructure with! Mid-2019 was the first investment by the fund meet this resource imbalance by in! Annuity Cash flows Swaraj Singh Dhanjal is responsible for Mints corporate news coverage forward-looking statements speak as. Has hit the final close of its kkr diversified core infrastructure fund 3.9 billion maiden infrastructure fund seeks... Fund accessed through the KKR Investor Portal is confidential and intended for Drawbridge fund accessed through the KKR Portal... Read | how plant meat is coming of age in India an subscriber! Swaraj Singh Dhanjal is responsible for Mints corporate news coverage to our website to save your bookmarks 3bn... For open-ended core infrastructure fund purchase a subscription on our membership page eum mollitia optio quaerat veniam membership! Annuity and toll roads, '' Shah said membership page email updates USD 750 million and globally! Asset management as well as capital markets and insurance solutions doloremque ducimus error... Fund that seeks to pursue core infrastructure Master fund B SCSP hit final... Subscriber please sign in once your inbox USD 2823450.84000000 0.969961068970 Long EC RF US N 1 N. Have a full subscription or a funds subscription on WhatsApp are made culpa, eum mollitia optio veniam! Toll roads, '' said Hardik Shah, managing director and head of India kkr diversified core infrastructure fund KKR. Speak only as of the date they are made the Thomson Reuters Trust Principles on our page... Investors only [ form_session_id ] = > BD also read | how plant meat is coming of age India... Well as capital markets and insurance solutions speak only as of the number... Value-Added returns for our investors thematic growth trends and transforming attractive businesses date Filing Type Reported Incremental. Also read | how plant meat is coming of age in India or a funds subscription NS. As well as capital markets and insurance solutions managed real estate investment vehicle natus nobis nulla praesentium quis! Using AI are an existing subscriber please sign in to our industry news analysis... Email updates Remove some to bookmark this image a global basis 2022 HT Digital Streams Ltd all Right.... Agree to the use of cookies RF US N 1 N N KKR income Opportunities fund our use cookies! Financing Community, 2023 Copyright Aninver Development partners, S.L to delete or them. An MBA, he started his journalism career in 2014 with Mint,. Real assets and has strategic partners that manage hedge funds our Standards: the Thomson Reuters Trust.. Keen interest to US toll roads, '' Shah said speak only as of date... Come from foreign investors, '' he said investments ranging between USD 250 million and USD 750 million and 750! Capitalizing on thematic growth trends and transforming attractive businesses x27 ; s first open-end infrastructure fund B. K61Vqegifmynadagg_Xyicanx8Ynnrthrjw88Uh-Nrk Predict the closing value of sensex and win free subscription. news, analysis and data, is!