KKR closes Apac infrastructure fund at US$6.4 billion

GLOBAL investment firm KKR has raised US$6.4 billion for KKR Asia-Pacific (Apac) Infrastructure Investors II Fund at its final close.

As the largest pan-regional infrastructure fund raised for Apac, it focuses on infrastructure-related investments across the region “with low volatility and strong downside protection”, said KKR on Thursday (Feb 1).

“The fund has a broad investment mandate across various sectors, including renewables, power and utilities, water and wastewater, digital infrastructure, and transportation, among others,” added the investor. “Since the fund’s launch, KKR has already invested or committed more than half of its capital across approximately 10 investments.”

The New York-based investment firm also highlighted that its Apac infrastructure platform has organically grown to about US$13 billion in assets under management since its inception in 2019.

David Luboff, co-head of KKR Apac and head of Apac Infrastructure at KKR, noted that infrastructure is a key pillar of the firm’s global and regional strategy, and thinks the regional sector holds “tremendous” potential over the long term.

KKR added that the fund was backed by a diverse group of new and existing global investors, including public and corporate pensions, sovereign wealth funds, insurance companies, endowment funds and asset managers.