Global investment firm, KKR & Co has decided to close its US$3.9 billion worth Asian infrastructure fund.
The KKR Asia Pacific Infrastructure Investors SCSp was closed at its hard cap, adding that the fund will focus with low volatility and strong downside protection. The fund has the official orders to invest across developing and developed countries across the Asian-Pacific region in sectors such as renewables, transport infrastructure, waste, power and utilities, and telecom.
In a statement, Head of KKR Asia Pacific, Ming Lu expressed his excitement to announce the closing of the inaugural Asian infrastructure fund. The Asia Pacific has some of the most favorable macroeconomics globally, and in the coming years the region can account for half of the world’s economic growth.
The asset manager also said that the fund’s size matched with its expectations for infrastructure deal flow for a sustained period. Plimpton LLP and Debevoise were the primary fund counsel for this fundraise.
Earlier, KKR invested $300 million in the infrastructure fund alongside other investors. The infrastructure investment approach was a mixt of a rigorous selection process, structuring capabilities, and deal sourcing executed by their team across Asia Pacific.