– KKR has closed its fifth global infrastructure fund, KKR Global Infrastructure Investors V (Fund V), with $19.2 billion in commitments.
– Fund V is a Core+ infrastructure strategy focused primarily on critical infrastructure assets and businesses in North America and Western Europe.
– It is KKR’s largest infrastructure fund raised to date, bringing approximately $45 billion raised across KKR’s latest global infrastructure fund vintages.
– KKR’s infrastructure platform, launched in 2008, now manages approximately $120 billion in infrastructure equity, up from $13 billion in 2019.
– The platform has completed 100+ infrastructure investments and has approximately 160 dedicated infrastructure professionals and value-creation executives globally.
– Fund V has already committed more than $9 billion across investments including Altitude III, EDF power solutions North America, Enilive, FiberCop, Global Technical Realty, Gulf Data Hub, Metronet, Sempra Infrastructure and The Parking Spot.
– KKR has committed more than $70 billion of equity across its global infrastructure strategy investments in North America and Europe to date.
– The fund targets diversified infrastructure opportunities offering critical services, high barriers to entry and resilient long-term cash flows.
– Raj Agrawal, Global Head of Real Assets at KKR: “Nearly two decades later, Fund V marks an important milestone in that journey. It reflects the trust our investors have placed in our team, the strength of the global platform we’ve built together, and our conviction that the opportunity in infrastructure has never been greater.”
– Brandon Freiman, Head of North American Infrastructure at KKR: “Demand for infrastructure investment across North America continues to accelerate as digitalization, electrification and industrial growth reshape the economy.”
– Vincent Policard, Co-Head of European Infrastructure at KKR: “Europe is entering a period where investment in critical infrastructure will play an increasingly important role in supporting competitiveness, energy security and economic resilience.”
– Brandon Donnenfeld, Managing Director and Chief Development Officer for KKR’s infrastructure business:“We believe this result speaks to our differentiated investment approach and the growing recognition of infrastructure as an essential long-term allocation.”
– Fund V attracted a broad international investor base, including pension funds, sovereign wealth funds, insurers, asset managers, private wealth platforms and family offices.
