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). 2023 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. The fundraising comes as President Joe Biden has been pushing U.S. lawmakers to back a plan for trillions of dollars in new spending on projects to restore Americas crumbling infrastructure. 2023 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. 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. Don't have an account? PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Private equity firms tend to raise successor funds that are 10% to 20% larger than their predecessors. 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. Reporting by Chibuike Oguh in New York; Editing by Nick Zieminski. Accusamus eligendi id impedit incidunt labore maxime rem repudiandae saepe. MainePERS has invested in other KKR infrastructure funds, however, a . Services. 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. . As part of its dedicated Asia Pacific infrastructure strategy, launched in 2019, KKR has so far committed $1.8 billion across six investments. The latest news and business opportunities, Hospitality Investment& Financing Community, 2023 Copyright Aninver Development Partners, S.L. KKR & Co LP Q1 2021 Earnings Call May 4 . ). So, the competition has definitely increased. KKR's Asia infra fund will look to create a diversified portfolio of core infrastructure assets . The LP response has been phenomenal," said Hardik Shah, managing director and head of India infra, KKR India. The following factors, among others, could cause actual results to vary from the forward-looking statements: whether KKR realizes all or any of the anticipated benefits from converting to a corporation and the timing of realizing such benefits; whether there are increased or unforeseen costs associated with the conversion, including any adverse change in tax law; the volatility of the capital markets; the general volatility of the capital markets; failure to realize the benefits of or changes in KKRs business strategies including the ability to realize the anticipated synergies from acquisitions or strategic partnerships or other transactions; availability, terms and deployment of capital; availability of qualified personnel and expense of recruiting and retaining such personnel; changes in the asset management industry, interest rates or the general economy; underperformance of KKR's investments and decreased ability to raise funds; and the degree and nature of KKRs competition. Drawbridge is an independently managed real estate investment vehicle. Our goal is to achieve returns through the acquisition and operational improvement of infrastructure assets, which are important to the functioning of regional and local economies. "h,&HTL2H0&E 4R H$m`3&F  FP The recipient should not distribute this Communication to any person (other than its legal, investment or tax advisors) without the prior consent of Drawbridge. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. All Rights Reserved. hb```r,B w``cT}C"P( 3c)Y\Yla=m[ Zn;i~Lv"% $ Cavnue, a company founded by Sidewalk Infrastructure Partners, selected to lead the project in partnership with the state of Michigan. New York, New York 10001. 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 believe this strategy leads to value-added returns for our investors. 685 1784 92. 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. The India Grid investment in mid-2019 was the first investment by the fund. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Safety Pension from United States on 04/01/2021 as a Fund Investment in the Infrastructure industry. Only logged in subscribers of this site will be able to access the shared article. 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. 1. 2020-12-31 ($7.5 BB Sold) Fund. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Sovereign Wealth Fund from United States on 01/05/2023 as a Fund Investment in the Infrastructure industry. 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. 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. The fund . You are just one step away from creating your watchlist! Outside US: +1 (212) 230-9410 To read the digital edition of the latestIPE Real Assets magazineclickhere. Energy - Transport - Water & Waste - Telecom & I.C.T. 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. This site uses cookies. Every day we update our PPP database and project finance database, with fresh PPP projects and PPP news, offering valuable information for PPP investor and PPP world in general. Beatae, voluptate! We seek to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses . Oops! We see a massive opportunity in the Indian governments National Infrastructure Pipeline. No person should rely upon the past performance or reputation of KKR or its investment products when considering any security offered by the Drawbridge Fund or Drawbridge. India is a key market for this fund, though it doesnt have hard geographic allocations, he said. KKR Diversified Core Infrastructure Fund (A) SCSp. Information regarding the Drawbridge Fund accessed through the KKR Investor Portal is confidential and intended for Drawbridge Fund investors only. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Public Pension from United States on 04/28/2022 as a Fund Investment in the Infrastructure industry. 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. Telephone: +1 (877) 610-4910 The fund is located in New York, New York and invests in Western Europe and North America. Filings. Commodi delectus, dolorem doloremque ducimus eius error in magni maiores nam natus nobis nulla praesentium quae quis, reprehenderit rerum sint sunt unde. KKR's 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. 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 Our long history of value creation, coupled with our substantial investment in people, processes and resources to drive operational improvement, positions us to create value in infrastructure assets. 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. 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. Not the case? %PDF-1.6 % Other Private Fund. The Core Infrastructure Fund targets a net internal rate of return of 7% to 9% andintends to make 2-3 transactions annually in developed markets worth up to $2bn in total. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. . By using this site you agree to our use of cookies. 33739B104 366575.00000000 NS USD 2862950.75000000 0.983530766868 Long EC RF US . A verification email is on its way to you. Sovereign Investor Leadership Conference March 2023 Sovereign Investor Leadership Conference March 2023 KKR Diversified Core Infrastructure Master Fund B SCSP; Firm: Fund # CIK # 0001933577: Sale: Fund: Phone: 2127508300: Address: Kohlberg Kravis Roberts Co LP New York, New York 10001: Source ( Lorem ipsum dolor sit amet, consectetur adipisicing elit. Register now to read this article and more for free. Our strategy is to seek infrastructure investments with limited downside risk. See here for a complete list of exchanges and delays. Not the case? ( Public filings of KKR Diversified Core Infrastructure Master Fund B SCSP. We seek to drive value creation through distinctive sourcing, deep operational engagement, and active stakeholder management. Please read our cookie notice for more information on the cookies we use and how to delete or block them. We believe this strategy leads to value-added returns for our investors. In InfraPPP we gather all information related to infrastructure investment news, project finance news, PPP infrastructure projects, infra finance data and PPP investor news. 0 This site uses cookies to provide you with a more responsive and personalized service. Consistent with KKRs risk-based approach to infrastructure investing, the Fund will focus on critical infrastructure investments with low volatility and strong downside protection where KKR believes it can achieve attractive risk-adjusted returns by leveraging its experienced team, risk-based strategy, long track record of operational value creation, and global network of industry experts. Log in to our website to save your bookmarks. We underwrite., First-time fortunes for emerging managers. A verification email is on its way to you. Array The LEI number of your company has expired! 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 is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. 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. Click here. It'll just take a moment. 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 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. Lorem ipsum dolor sit amet, consectetur adipisicing elit. 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. No person should rely upon the past performance or reputation of KKR or its investment products when considering any security offered by the Drawbridge Fund or Drawbridge. View source version on businesswire.com: https://www.businesswire.com/news/home/20220314005151/en/, Media: The fund targets to invest in infrastructure sector with investments ranging between USD 250 million and USD 750 million and invests globally. Proactive outreach, strong reputation and relationships, focused local networks, and resources valued by management teams and entrepreneurs have the potential to yield investments not available to others. The fund will invest in India, South Korea, South East Asia, Japan, China, and Australia, Shah said. Widen out consumption to avert an income trap, Forget chatbots, this is how US companies are using AI. A link has been emailed to you - check your inbox. 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. Filings. Win whats next. 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. (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. 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. Global demand for building and upgrading critical infrastructure, as well as supporting responsible energy transition and growing broadband access, requires funding far in excess of public sources, which provides a big opportunity for private capital, said Brandon Freiman, Head of North American Infrastructure at KKR. We ask for most of the necessary data from the Companies Register, and it only takes a few . New York, New York 10001. In addition, KKRs business strategy is focused on the long-term and financial results are subject to significant volatility. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Public Pension from United States on 10/21/2022 as a Fund Investment in the Infrastructure industry. KKR is making the acquisition through its open-ended Diversified Core Infrastructure Fund. New Mexico SIC approves $100m commitment to KKR Diversified Core Infrastructure Fund 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. endstream endobj startxref Cara Major or Julia Kosygina Welcome to IPE Real Assets. Previously listed on the London Stock Exchange and a member of the FTSE250, John Laing was taken private in 2021 by KKR's Diversified Core Infrastructure Fund (DCIF). 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 . [Current_Location] => BD Don't have an account? Partners Group is a leading global private markets firm. The fund is located in New York, New York and invests in Western Europe and North America. KKR Diversified Core Infrastructure Fund (B) SCSp B245498 Important notice . Looks like you have exceeded the limit to bookmark the image. In case you cant find any email from our side, please check the spam folder. 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. ). 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 UK-based infrastructure investor and developer will be split into a development company and an asset company should KKRs 2bn offer be accepted. Sovereign Investor Leadership Conference March 2023. Secure income strategies: How secure is secure? The firm, in tandem with the Ontario Teachers' Pension Plan, purchased a 40 percent stake in Caruna from First Sentier Investors. 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 KKRs Asia infrastructure fund will look to create a diversified portfolio of core infrastructure assets, which generate annuity cash flows. All rights reserved. Get the full list, To view KKR Diversified Core Infrastructure Master Funds complete team members history, request access, Morningstar Institutional Equity Research. Investing alongside OTPP, the duo have each acquired a 40% stake in Finnish electricity distribution provider Caruna from First Sentier and OMERS. We are committed to helping to meet this resource imbalance by investing in infrastructure assets on a global basis. By clicking on Accept, you agree to the use of cookies. Predict the closing value of sensex and win free subscription. " 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. KKR Diversified Core Infrastructure Master Fund is an infrastructure core fund managed by Kohlberg Kravis Roberts. Address. [Current_Location] => TW You should only be asked to sign in once. The LEI number of your company has expired! Filings. 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. Read our policy. KKR offer effectively splits John Laing in two, 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. [form_session_id] => k61vqeGIFMynaDAGG_xYicANx8YNNRtHrJw88uh-Nrk 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. 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. 2127508300. 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. For the past eight years he has been writing on the biggest deals in private equity, venture capital, IPO market and corporate mergers and acquisitions. The primary source of capital funding for Lutheran churches and schools . 2020-12-31 ($7.5 BB Sold) Fund. Lorem ipsum dolor sit amet, consectetur adipisicing elit. 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. 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 . 212-750-8300 The forward-looking statements are based on KKRs beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. hbbd```b`` Only logged in subscribers of this site will be able to access the shared article. Roads and telecom infrastructure are of keen interest to us. 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. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. You can check all the benefits of becoming a member and purchase a subscription on our membership page. Direct links to the EDGAR source material. Please check your spam or junk folder just in case. Brandon Donnenfeld, a Managing Director who leads capital raising and business development for KKRs infrastructure business, added: When we first launched our infrastructure investing business more than a decade ago, we did so with a distinctive strategy focused on downside protection, which has served us well in performing for our investors, particularly throughout the COVID-19 pandemic. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Sale. Remove some to bookmark this image. 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 . 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). 2023 PitchBook. Beatae cupiditate dolore doloremque dolorum, ducimus ea et fugiat impedit iure labore magnam, nisi quis repudiandae suscipit tempore vel voluptate? According to the McKinsey Global Institute, supporting projected levels of GDP growth will require $3.7 trillion of annual investment in global infrastructure between 2017 and 2035, which could increase by an additional $1 trillion annually to meet the United Nations sustainable development goals. Facsimile: +1 (212) 750-0003 PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. 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. A first-of-its-kind connected and autonomous vehicle (CAV) corridor will improve transportation across Southeast Michigan and continue Michigan's leadership in smart infrastructure and future mobility.