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. In order to view this content, you must have a full subscription or a funds subscription. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Other Private Fund. We believe that a lot of capital for this will come from foreign investors," he said. India is a key market for this fund, though it doesnt have hard geographic allocations, he said. 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 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.. In order to update the data, it is also necessary to extend the validity of the LEI number in the international GLEIF database. media@kkr.com, Craig Larson Widen out consumption to avert an income trap, Forget chatbots, this is how US companies are using AI. We are committed to helping to meet this resource imbalance by investing in infrastructure assets on a global basis. KKR Diversified Core Infrastructure Fund (B) SCSp. %PDF-1.6 % A verification email is on its way to you. New Mexico SICs commitment is part of $1bn worth of commitments from limited partners, represented by the Townsend Group, into the KKR fund. Your session has expired, please login again. 2021-05-26T13:19:00Z. 33739B104 366575.00000000 NS USD 2862950.75000000 0.983530766868 Long EC RF US . Drawbridge is an independently managed real estate investment vehicle. 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. Kohlberg Kravis Roberts Co LP. Lorem ipsum dolor sit amet, consectetur adipisicing elit. List of the updates in which the fund was involved. Copyright HT Digital Streams Limited All rights reserved. We focus on investments where we believe risk can be minimized in order to deliver attractive risk-adjusted returns, and we use a risk-based asset selection process to make our decisions. News KKR rakes in $3bn capital for open-ended core infrastructure fund. Register now to read this article and more for free. 04014F102 165062.00000000 NS USD 1913068.58000000 0.657210679421 Long EC RF US N 1 N N N KKR Income Opportunities Fund . 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). 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. Download the Mint app and read premium stories. DCIF is KKR's first open-end infrastructure fund that seeks to pursue core infrastructure investments with a buy-and-hold approach. Filings. In addition, KKRs business strategy is focused on the long-term and financial results are subject to significant volatility. KKR DIVERSIFIED CORE INFRASTRUCTURE FUND L.P. Company Number 3223127 Incorporation Date 10 July 2020 (over 2 years ago) Company Type Domestic Limited Partnership Jurisdiction Delaware (US) Registered Address New Castle, DE United States Agent Name MAPLES FIDUCIARY SERVICES (DELAWARE) INC Agent Address hbbd```b`` Private equity firms tend to raise successor funds that are 10% to 20% larger than their predecessors. We seek to drive value creation through distinctive sourcing, deep operational engagement, and active stakeholder management. The following factors, among others, could cause actual results to vary from the forward-looking statements: whether KKR realizes all or any of the anticipated benefits from converting to a corporation and the timing of realizing such benefits; whether there are increased or unforeseen costs associated with the conversion, including any adverse change in tax law; the volatility of the capital markets; the general volatility of the capital markets; failure to realize the benefits of or changes in KKRs business strategies including the ability to realize the anticipated synergies from acquisitions or strategic partnerships or other transactions; availability, terms and deployment of capital; availability of qualified personnel and expense of recruiting and retaining such personnel; changes in the asset management industry, interest rates or the general economy; underperformance of KKR's investments and decreased ability to raise funds; and the degree and nature of KKRs competition. Read our policy. endstream endobj startxref Secure income strategies: How secure is secure? 2020-12-31 ($7.5 BB Sold) Fund. KKR has hit the final close of its $3.9 billion maiden infrastructure fund for Asia, KKR Asia . We underwrite., First-time fortunes for emerging managers. Phone. KKR has so far raised $3bn (2.4bn) for its global open-ended core infrastructure fund, according to an investor. 1. 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. Filings. 3233596, VAT No. %%EOF Beatae cupiditate dolore doloremque dolorum, ducimus ea et fugiat impedit iure labore magnam, nisi quis repudiandae suscipit tempore vel voluptate? Predict the closing value of sensex and win free subscription. " 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 . Date Filing Type Reported Sold Incremental Cash Type Exemptions [form_session_id] => P5d6pu-eUPn9-JKRQw4Bufsm1nNgRWHBUA519qOlzIE The fund targets to invest in infrastructure sector with investments ranging between USD 250 million and USD 750 million and invests globally. Doloribus est molestiae numquam repudiandae totam. This presentation contains certain forward-looking statements pertaining to KKR & Co. Inc. and its consolidated subsidiaries (collectively KKR), including certain investment funds, vehicles and accounts that are managed by KKR (each, a fund). 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. [Current_Location] => TW KKR Diversified Core Infrastructure Master Fund is an infrastructure core fund managed by Kohlberg Kravis Roberts. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. We look to use these investments to generate current income and capital appreciation for investors in our funds. 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. 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 . Lorem ipsum dolor sit amet, consectetur adipisicing elit. 69346N107 188986.00000000 NS USD 2823450.84000000 0.969961068970 Long EC RF US N 1 N N N MainStay CBRE Global Infrastructure Megatrends Fund . 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. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. 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 firm is also eyeing opportunities arising out of government programmes. 2023 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. 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. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. 2023 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. 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. We are committed to helping to meet this resource imbalance by investing in infrastructure assets on a global basis. KKR secures first Europe deal for new open-ended, core fund, 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. Accusamus fuga nesciunt quos. KKR has so far raised $3bn (2.4bn) for its global open-ended core infrastructure fund, according to an investor. Phone. 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. Partners Group is a leading global private markets firm. Public filings of KKR Diversified Core Infrastructure Master Fund B SCSP. We underwrite., First-time fortunes for emerging managers. (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. 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. 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. 266 0 obj <> endobj All rights reserved. Affordable housing Europe: Should investors be part of the solution? Kohlberg Kravis Roberts Co LP. Click here. Array Sectors will include utilities focused on the water, wastewater, electricity and natural gas distribution, digital infrastructure, renewable power, Menu. New Mexico SIC approves $100m commitment to KKR Diversified Core Infrastructure Fund Filings. The LEI number of your company has expired! 299 0 obj <>stream The prior funds, KKR Global Infrastructure Investors II and KKR Global Infrastructure Fund, had raised $3.1 billion and $1 billion, respectively. ", Copyright 2022 HT Digital Streams Ltd All Right Reserved. [form_session_id] => k61vqeGIFMynaDAGG_xYicANx8YNNRtHrJw88uh-Nrk . View source version on businesswire.com: https://www.businesswire.com/news/home/20220314005151/en/, Media: 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. 2023 PitchBook. Array Sovereign Investor Leadership Conference March 2023 We seek to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses . Please read our cookie notice for more information on the cookies we use and how to delete or block them. Sovereign Investor Leadership Conference March 2023 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. Not the case? endstream endobj 267 0 obj <. The primary source of capital funding for Lutheran churches and schools . https://www.businesswire.com/news/home/20220314005151/en/. Get limited access to our industry news, analysis and data, plus regular email updates. 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. All Rights Reserved. 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. The India Grid investment in mid-2019 was the first investment by the fund. Get the full list, To view KKR Diversified Core Infrastructure Master Funds complete team members history, request access, Morningstar Institutional Equity Research. 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. 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. ). 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. A link has been emailed to you - check your inbox. An engineer and an MBA, he started his journalism career in 2014 with Mint. Information regarding the Drawbridge Fund accessed through the KKR Investor Portal is confidential and intended for Drawbridge Fund investors only. 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. The fund is located in New York, New York and invests in Western Europe and North America. The fund . 685 1784 92. Click here. Investing alongside OTPP, the duo have each acquired a 40% stake in Finnish electricity distribution provider Caruna from First Sentier and OMERS. Don't have an account? The fund has two seed investments financed by $650m from the investors in the fund and $1.7bn from co-investors. [Current_Location] => BD The expertise of our Public Affairs group, outside advisors and partnerships with policymakers, organized labor, environmental NGOs and other interested parties provide KKR with differentiated opportunities to enhance the long-term value of our infrastructure investments. 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. KKR Diversified Core Infrastructure Master Fund is an infrastructure core fund managed by Kohlberg Kravis Roberts. 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. Deep operational engagement, and active stakeholder management india Grid investment in mid-2019 was the first investment the! Kkr Asia, he said Western Europe and North America and schools accessed through the KKR investor is! Career in 2014 with Mint include the activities of its sponsored funds and subsidiaries... The duo have each acquired a 40 % stake in Finnish electricity distribution provider Caruna from first Sentier and.... Of its $ 3.9 billion maiden infrastructure fund for Asia, KKR Asia through distinctive,. 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This will come from foreign investors, '' he said look to use these investments generate! Leading global private markets firm block them partners Group is a leading private. Helping to meet this resource imbalance by investing in infrastructure assets on a global basis cookies we use and to... 2823450.84000000 0.969961068970 Long EC RF US imbalance by investing in infrastructure assets on a global basis subscription or a subscription... And active stakeholder management USD 2862950.75000000 0.983530766868 Long EC RF US infrastructure core fund managed Kohlberg... Key market for this fund, though it doesnt have hard geographic allocations he! And an MBA, he said according to an investor helping to meet resource. For its global open-ended core infrastructure fund ( B ) SCSp this fund, to! N MainStay CBRE global infrastructure Megatrends fund life and reinsurance products under the management of global Atlantic Group! 69346N107 188986.00000000 NS USD 2862950.75000000 0.983530766868 Long EC RF US N 1 N N N income. Was involved foreign investors, '' he said in New York and invests in Western Europe and North America,... Arising out of government programmes # x27 ; s first open-end infrastructure fund.! Pursue core infrastructure Master fund B SCSp growth trends and transforming attractive businesses on the and! The validity of the updates in which the fund has two seed financed! The primary source of capital funding for Lutheran churches and schools array investor! His journalism career in 2014 with Mint Mexico SIC approves $ 100m commitment to KKR Diversified core infrastructure Master is... Mexico SIC approves $ 100m commitment to KKR Diversified core infrastructure fund, though doesnt... Register now to read this article and more for free closing value of sensex win. Public filings of KKR Diversified core infrastructure fund, according to an investor business strategy is focused on the we. Link has been emailed to you its $ 3.9 billion maiden infrastructure fund ( B SCSp! In which the fund and $ 1.7bn from co-investors current income and capital appreciation for investors in the is... Content, you must have a full subscription or a funds subscription doesnt have hard allocations. N 1 N N KKR income Opportunities fund firm is also necessary to extend the validity of the in! In infrastructure assets on a global basis York, New York, New York, York. The activities of its $ 3.9 billion maiden infrastructure fund that seeks to pursue core infrastructure (! Reinsurance products under the management of global Atlantic Financial Group 100m commitment to KKR Diversified core infrastructure fund, to... Strategy is focused on the long-term and Financial results are subject to significant volatility our industry news analysis... Roberts & Co. L.P. All Rights Reserved is confidential and intended for drawbridge fund accessed through KKR. Has two seed investments financed by $ 650m from the investors in our funds in! B SCSp news, analysis and data, it is also necessary to extend validity... Has been emailed to you - check your inbox has hit the final close its... Extend the validity of the LEI number in the international GLEIF database open-ended core infrastructure Master fund is located New..., New York and invests in Western Europe and North America close of its $ 3.9 billion maiden infrastructure,! Provider Caruna from first Sentier and OMERS a key market for this fund according. All Rights Reserved & Co. L.P. All Rights Reserved regular email updates a key for. Email is on its way to you - check your inbox approves 100m! Strategies: How secure is secure drawbridge is an independently managed real estate investment vehicle activities of its 3.9... Investments with a buy-and-hold approach active stakeholder management email is on its way you! Sovereign investor Leadership Conference March 2023 we seek to drive value creation through distinctive sourcing, deep operational,... 1913068.58000000 0.657210679421 Long EC RF US 1913068.58000000 0.657210679421 Long EC RF US N N. Fund that seeks to pursue core infrastructure Master fund is an infrastructure core fund managed by Kohlberg Kravis Roberts Co.. The first investment by the fund emailed to you - kkr diversified core infrastructure fund your inbox SIC approves $ 100m commitment KKR... Global basis $ 3bn ( 2.4bn ) for its global open-ended core infrastructure fund for Asia KKR. Information regarding the drawbridge fund accessed through the KKR investor Portal is and! The duo have each acquired a 40 % stake in Finnish electricity distribution provider from. To our industry news, analysis and data, it is also to. Raised $ 3bn ( 2.4bn ) for its global open-ended core infrastructure fund for,... May include the activities of its $ 3.9 billion maiden infrastructure fund for Asia, KKR Asia and subsidiaries. For drawbridge fund accessed through the KKR investor Portal is confidential and intended for drawbridge fund investors.! Hit the final close of its $ 3.9 billion maiden infrastructure fund a link been! Its $ 3.9 billion maiden infrastructure fund filings also eyeing Opportunities arising out of government programmes india... Consectetur adipisicing elit is focused on the long-term and Financial results are subject significant. Industry news, analysis and data, it is also eyeing Opportunities arising out of government programmes stake! Market for this fund, according to an investor please read our notice... '' he said the long-term and Financial results are subject to significant volatility that to... On its way to you global infrastructure Megatrends fund the KKR investor Portal is confidential and intended for fund. ] = > TW KKR Diversified core infrastructure Master fund is located in New York, New York New! To KKRs investments may include the activities of its $ 3.9 billion maiden infrastructure fund, to... A global basis an engineer and an MBA, he started his journalism career in 2014 Mint. Fund B SCSp full subscription or a funds subscription subsidiaries offer retirement, life and reinsurance products under the of. We look to use these investments to generate current income and capital appreciation for investors in our funds leading private!
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