The infrastructure-focused vehicle had a target of US$2 billion, but finally its size has increased to US$2.5 billion. The fund will be focused on companies within renewable energy, pipelines, utilities and transportation-related assets.
The fund follows the previous Global Infrastructure Investors which fell short of its US$4 billion target, raising about US$1 billion in 2010.
KKR is an American multinational private equity firm, specializing inleveraged buyouts, headquartered in New York. The firm sponsors and manages private equity investment funds. Since its inception, the firm has completed over US$400 billion of private equity transactions and was a pioneer in the leveraged buyout industry.
We have recently reported that I Squared Capital, an independent global infrastructure investment manager, had closed its ISQ Global Infrastructure Fund with total commitments of US$3.0 billion. To date, the fund has made eight investments across twenty-two individual assets.