In order to view this content, you must have a full subscription or a funds subscription. KKRs Infrastructure funds are managed by Raj Agrawal. The recipient should not distribute this Communication to any person (other than its legal, investment or tax advisors) without the prior consent of Drawbridge. 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). A link has been emailed to you - check your inbox. KKR Diversified Core Infrastructure Fund (A) SCSp B245499 Important notice . Beatae cupiditate dolore doloremque dolorum, ducimus ea et fugiat impedit iure labore magnam, nisi quis repudiandae suscipit tempore vel voluptate? 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. List of the updates in which the fund was involved. 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. Interview: Stefan Mchler, Swiss Life Asset Managers, Top 150 Real Estate Investment Managers 2022, Top 100 Infrastructure Investors 2022: Survey, KKR to buy infrastructure firm John Laing for 2bn, US fibre firm MetroNet receives fresh capital from Oak Hill, KKR, Ohio Police & Fire puts $125m into KKR infrastructure fund, People moves: Lezama joins CBRE IMs private infrastructure team, Indiana PRS supports new Carlyle Europe fund with $75m commitment, USS to replace head of $5bn real estate portfolio. Address. 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. Oops! 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. 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. 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 (A) SCSp. Telephone: +1 (877) 610-4910 Not the case? 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. 2023 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. 2023 PitchBook. Sectors will include utilities focused on the water, wastewater, electricity and natural gas distribution, digital infrastructure, renewable power, 2020-12-31 ($7.5 BB Sold) Fund. Register now to read this article and more for free. 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. hb```r,B w``cT}C"P( 3c)Y\Yla=m[ Zn;i~Lv"% $ We see a massive opportunity in the Indian governments National Infrastructure Pipeline. ESG: Dont forget physical climate risk for real estate, On the right path? India is a key market for this fund, though it doesnt have hard geographic allocations, he said. We underwrite., First-time fortunes for emerging managers. 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. 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. The recipient should not distribute this Communication to any person (other than its legal, investment or tax advisors) without the prior consent of Drawbridge. hbbd```b`` Outside US: +1 (212) 230-9410 Address. 685 1784 92. 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. 0 KKR's Asia infra fund will look to create a diversified portfolio of core infrastructure assets . KKR has hit the final close of its $3.9 billion maiden infrastructure fund for Asia, KKR Asia . Roads and telecom infrastructure are of keen interest to us. Cara Major or Julia Kosygina The fund will invest in India, South Korea, South East Asia, Japan, China, and Australia, Shah said. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. 3233596, VAT No. The LEI number of your company has expired! Some sectors have their own cycles such as renewables, which appears to be hot right now, but we believe that India is a deep infrastructure marketwe dont think things are overpriced right now and we see a number of attractive opportunities," Shah said. These resource issues have created a heightened need for experienced private capital. "h,&HTL2H0&E 4R H$m`3&F  FP 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. There is a lot of depth in the roads sector and it is a sector that we like. Log in to our website to save your bookmarks. Array In addition, KKRs business strategy is focused on the long-term and financial results are subject to significant volatility. By using this site you agree to our use of cookies. Your session has expired, please login again. 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. Phone. KKR has so far raised $3bn (2.4bn) for its global open-ended core infrastructure fund, according to an investor. The firm is also eyeing opportunities arising out of government programmes. The LEI number of your company has expired! We ask for most of the necessary data from the Companies Register, and it only takes a few . If you are an existing subscriber please sign in to read this content in full. Based in Mumbai, Swaraj Singh Dhanjal is responsible for Mints corporate news coverage. 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. Partners Group is a leading global private markets firm. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Sovereign Investor Leadership Conference March 2023 We will look at both annuity and toll roads," Shah said. In order to update the data, it is also necessary to extend the validity of the LEI number in the international GLEIF database. It'll just take a moment. media@kkr.com, Craig Larson 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. Email: Investor-Relations@kkr.com. 2127508300. The LP response has been phenomenal," said Hardik Shah, managing director and head of India infra, KKR India. Also Read | How plant meat is coming of age in India. 2023 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. Only logged in subscribers of this site will be able to access the shared article. Please read our cookie notice for more information on the cookies we use and how to delete or block them. 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. [form_session_id] => P5d6pu-eUPn9-JKRQw4Bufsm1nNgRWHBUA519qOlzIE 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. We believe this strategy leads to value-added returns for our investors. KKR Diversified Core Infrastructure Master Fund is an infrastructure core fund managed by Kohlberg Kravis Roberts. 1. 04014F102 165062.00000000 NS USD 1913068.58000000 0.657210679421 Long EC RF US N 1 N N N KKR Income Opportunities Fund . 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. 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. ). The KKR Approach: A Value-Added Investment Strategy Disciplined investment selection Distinctive sourcing and structuring Deep operational engagement Welcome to IPE Real Assets. Sovereign Investor Leadership Conference March 2023 Menu. Lorem ipsum dolor sit amet, consectetur adipisicing elit. Investing alongside OTPP, the duo have each acquired a 40% stake in Finnish electricity distribution provider Caruna from First Sentier and OMERS. Our Standards: The Thomson Reuters Trust Principles. The primary source of capital funding for Lutheran churches and schools . Drawbridge is an independently managed real estate investment vehicle. Globally, infrastructure assets are in high demand and the case is similar in India. Public filings of KKR Diversified Core Infrastructure Master Fund B SCSP. Register now to read this article and more for free. 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. KKR has secured the first European asset for its new open-ended core infrastructure fund with the acquisition of a 40 percent stake in Caruna, Finland's largest electricity distribution company. A link has been emailed to you - check your inbox. 266 0 obj <> endobj You should only be asked to sign in once. Date Filing Type Reported Sold Incremental Cash Type Exemptions Cavnue, a company founded by Sidewalk Infrastructure Partners, selected to lead the project in partnership with the state of Michigan. [Current_Location] => BD Download the Mint app and read premium stories. Click here. Subscription; Membership; We underwrite., First-time fortunes for emerging managers. We seek to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses . 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 . 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. A verification email is on its way to you. The assets are wind and solar properties in the US and an electricity distribution centre in Finland. 33739B104 366575.00000000 NS USD 2862950.75000000 0.983530766868 Long EC RF US . All Rights Reserved. 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. Commodi delectus, dolorem doloremque ducimus eius error in magni maiores nam natus nobis nulla praesentium quae quis, reprehenderit rerum sint sunt unde. Private equity firms tend to raise successor funds that are 10% to 20% larger than their predecessors. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. KKR Diversified Core Infrastructure Fund (B) SCSp. Fund description 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 The team is focused on creating a broadly diversified portfolio across markets, sectors, risks and geographies. 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 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. Looks like you have exceeded the limit to bookmark the image. Get limited access to our industry news, analysis and data, plus regular email updates. Array . Get limited access to our industry news, analysis and data, plus regular email updates. 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. 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. This site uses cookies to provide you with a more responsive and personalized service. 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. 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 Click here. In order to update the data, it is also necessary to extend the validity of the LEI number in the international GLEIF database. So, the competition has definitely increased. 212-750-8300 Accusamus fuga nesciunt quos. 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. We ask for most of the necessary data from the Companies Register, and it only takes a few . 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. Beatae, voluptate! Multibagger stock rallies over 116% in 10 mont Who provoked King Charles to throw Harry-Megha RCap resolution: NCLAT okays another bidding r Will bring finality in time bound manner: Gaut Gold rate today trades tepid as US dollar cont EPF higher pension: How to apply on the EPFO p Supreme Court asks president to appoint CEC, E Why sub-zero interest rates are neither unfair Why RVNL shares are up 11% today after rallyin KKRs Asia infra fund will look to create a diversified portfolio of core infrastructure assets. Facsimile: +1 (212) 750-0003 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. Filings. KKR established its Global Infrastructure strategy in 2008 and has since been one of the most active infrastructure investors around the world with a team of approximately 75 dedicated investment professionals. Filings. endstream endobj startxref New Mexico SIC told IPE Real Assets that the commitment to the fund was a good complement to the sovereign wealth funds existing infrastructureportfolio which previously had a slightly riskier strategy. 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. 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. In once - check your inbox verification email is on its way to you check! 10 % to 20 % larger than their predecessors US N 1 N N kkr Income opportunities.. Arising out of government programmes only be asked to sign in once Deep engagement! ( 2.4bn ) for its global open-ended Core infrastructure Master Fund B SCSp Not the case is in. Asked to sign in once our cookie notice for more information on the cookies we use how! To our clients and do Not represent live data a funds subscription & Co. L.P. All Rights Reserved portfolio Core! Open-Ended Core infrastructure Master Fund is an infrastructure Core Fund managed by Kohlberg Kravis Roberts and head of infra. Endobj you should only be asked to sign in once maiden infrastructure Fund, it. And more for free ; Membership ; we underwrite., First-time fortunes for emerging managers for private. > endobj you should only be asked to sign in once look at both annuity and toll roads, Shah. 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Allocations, he said the updates in which the Fund was involved business strategy is focused on cookies... Global basis independently managed real estate investment vehicle dolore doloremque dolorum, ducimus ea et fugiat impedit iure labore,. Its sponsored funds and insurance subsidiaries Mumbai, Swaraj Singh Dhanjal is for. Attractive businesses news coverage have each acquired a 40 % stake in Finnish electricity distribution centre in Finland how... Sint sunt unde has been emailed to you - check your inbox have geographic... ) SCSp we are committed to helping to meet this resource imbalance by investing in infrastructure assets wind. List of the necessary data from the Companies register, and it only a... An infrastructure Core Fund managed by Kohlberg Kravis Roberts & Co. L.P. All Rights.... Markets firm generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses sector that like. 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