The firm is also eyeing opportunities arising out of government programmes. 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. https://www.businesswire.com/news/home/20220314005151/en/. Based in Mumbai, Swaraj Singh Dhanjal is responsible for Mints corporate news coverage. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Sovereign Investor Leadership Conference March 2023 The latest news and business opportunities, Hospitality Investment& Financing Community, 2023 Copyright Aninver Development Partners, S.L. 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. A verification email is on its way to you. 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 . 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. Lorem ipsum dolor sit amet, consectetur adipisicing elit. 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. Adipisci deleniti, eos id inventore iusto molestias neque possimus! We use cookies to create the best possible browsing experience for InfraPPP website visitors. Reporting by Chibuike Oguh in New York; Editing by Nick Zieminski. Don't have an account? 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. All quotes delayed a minimum of 15 minutes. We believe this strategy leads to value-added returns for our investors. Download the Mint app and read premium stories. KKR Diversified Core Infrastructure Fund (A) SCSp B245499 Important notice . 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 (B) SCSp B245498 Important notice . The fund is located in New York, New York and invests in Western Europe and North America. endstream endobj 267 0 obj <. KKR Diversified Core Infrastructure Master Fund is an infrastructure core fund managed by Kohlberg Kravis Roberts. 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. Date Filing Type Reported Sold Incremental Cash Type Exemptions 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). KKR Diversified Core Infrastructure Fund (B) SCSp. Cavnue, a company founded by Sidewalk Infrastructure Partners, selected to lead the project in partnership with the state of Michigan. 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. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. ", Copyright 2022 HT Digital Streams Ltd All Right Reserved. You should only be asked to sign in once. The team is focused on creating a broadly diversified portfolio across markets, sectors, risks and geographies. 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. Debevoise & Plimpton LLP represented KKR as primary fund counsel for this fundraise. The UK-based infrastructure investor and developer will be split into a development company and an asset company should KKRs 2bn offer be accepted. 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. 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. Get limited access to our industry news, analysis and data, plus regular email updates. KKR Diversified Core Infrastructure Fund (A) SCSp. Kohlberg Kravis Roberts Co LP. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20220314005151/en/, Media: Read our policy. 04014F102 165062.00000000 NS USD 1913068.58000000 0.657210679421 Long EC RF US N 1 N N N KKR Income Opportunities Fund . 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. India is a key market for this fund, though it doesnt have hard geographic allocations, he said. 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. Beatae, voluptate! New Mexico SIC approves $100m commitment to KKR Diversified Core Infrastructure Fund We underwrite., First-time fortunes for emerging managers. 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 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 has so far raised $3bn (2.4bn) for its global open-ended core infrastructure fund, according to an investor. Roads and telecom infrastructure are of keen interest to us. The fund . List of the updates in which the fund was involved. Register now to read this article and more for free. KKR's Asia infra fund will look to create a diversified portfolio of core infrastructure assets . We ask for most of the necessary data from the Companies Register, and it only takes a few . 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. 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. You are now subscribed to our newsletters. 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. Sectors will include utilities focused on the water, wastewater, electricity and natural gas distribution, digital infrastructure, renewable power, In InfraPPP we gather all information related to infrastructure investment news, project finance news, PPP infrastructure projects, infra finance data and PPP investor news. The recipient should not distribute this Communication to any person (other than its legal, investment or tax advisors) without the prior consent of Drawbridge. ). Direct links to the EDGAR source material. Drawbridge is an independently managed real estate investment vehicle. Multibagger stock rallies over 116% in 10 months since Who provoked King Charles to throw Harry-Meghan off the RCap resolution: NCLAT okays another bidding round for Will bring finality in time bound manner: Gautam Adani Are you ready for India's lithium stocks gold rush? The recipient should not distribute this Communication to any person (other than its legal, investment or tax advisors) without the prior consent of Drawbridge. By clicking on Accept, you agree to the use of cookies. You should only be asked to sign in once. Fund description We will look at both annuity and toll roads," Shah said. KKR is making the acquisition through its open-ended Diversified Core Infrastructure Fund. Other Private 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. The LP response has been phenomenal," said Hardik Shah, managing director and head of India infra, KKR India. 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. Please check your spam or junk folder just in case. Secure income strategies: How secure is secure? The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recently . KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Address. The India Grid investment in mid-2019 was the first investment by the fund. Some of their recent investments include Canadian pipeline company Coastal GasLink, Florida-based renewables energy operator Nitrogen Renewables, and Indian power transmission developer IndiGrid Trust. Our Standards: The Thomson Reuters Trust Principles. 2023 PitchBook. 2127508300. It'll just take a moment. At more than double the size of its predecessor, the success of KKR Global Infrastructure Investors IV speaks to the robust opportunities that we see in this asset class and to the confidence that our investors continue to place in our infrastructure team and our ability to deliver compelling risk-adjusted returns across a variety of market conditions, said Alisa Amarosa Wood, Global Head of Private Markets and Real Assets Product Strategies at KKR. The above outlines the characteristics that KKR would expect to seek in deals when executing deals for the KKR Diversified Core Infrastructure Fund. To read the digital edition of the latestIPE Real Assets magazineclickhere. The assets are wind and solar properties in the US and an electricity distribution centre in Finland. Drawbridge is an independently managed real estate investment vehicle. 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. This site uses cookies to provide you with a more responsive and personalized service. Your session has expired, please login again. Accusamus eligendi id impedit incidunt labore maxime rem repudiandae saepe. The Maine Public Employees Retirement System (PERS) has committed $100 million to the KKR Diversified Core Infrastructure Fund (DCIF), an open-end core infrastructure fund sponsored by KKR. Phone. 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. Log in to our website to save your bookmarks. 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 . Phone. Not the case? endstream endobj startxref 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. 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. Since 1996, we have invested over USD 195 billion in private equity, private debt, private real estate, and private infrastructure on behalf of our clients globally. KKR Diversified Core Infrastructure Fund, Follow-on (located in Allocation Global, Global) was purchased by a Public Pension from United States on 04/05/2022 as a Fund Investment in the Infrastructure industry. Public filings of KKR Diversified Core Infrastructure Master Fund B SCSP. 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. %PDF-1.6 % Telephone: +1 (877) 610-4910 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. We are thrilled to have their continued support and look forward to continuing to perform for our investors through this strategy.. New Mexico SICs commitment is part of $1bn worth of commitments from limited partners, represented by the Townsend Group, into the KKR fund. 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. 299 0 obj <>stream The Fund's active industry exposures (which are a byproduct of stock selection) detracted as well as active individual stock exposures. 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 $15 billion. KKR Diversified Core Infrastructure Fund (DCIF) Fund type Open-ended Fund Stages Fundraising Geography Focuses Global Investment types Equity Investment sectors Energy - Transport - Water & Waste - Telecom & I.C.T. The fund targets to invest in infrastructure sector with investments ranging between USD 250 million and USD 750 million and invests globally. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. KKR Diversified Core Infrastructure Fund SBS LP; Firm: Fund # CIK # 0001918583: Sale: Fund: Phone: 2127508300: Address: Kohlberg Kravis Roberts Co LP New York, New York 10001: Source: Fund AUM and Sold ($) 1.0 0.8 0.6 0.4 0.2 0.0 2011 2015 2019 2023: Fund Details; Director: Custodian: Auditor: Marketer: Broker: Jurisdiction: Directors Infrastructure is a distinct asset class, making selection, based on a variety of factors, critically important. Sovereign Investor Leadership Conference March 2023 Sale. 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. You can check all the benefits of becoming a member and purchase a subscription on our membership page. KKRs Asia infrastructure fund will look to create a diversified portfolio of core infrastructure assets, which generate annuity cash flows. KKR has hit the final close of its $3.9 billion maiden infrastructure fund for Asia, KKR Asia . Register, and Australia, Shah said above outlines the characteristics that kkr would expect to seek in when... Infrastructure Partners, selected to lead the project in partnership with the state of Michigan Diversified Core Infrastructure Master B... Not represent live data Dhanjal is responsible for Mints corporate news coverage ). Get limited access to our website to save your bookmarks real estate investment vehicle, sectors, risks and.... 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