An engineer and an MBA, he started his journalism career in 2014 with Mint. Get limited access to our industry news, analysis and data, plus regular email updates. 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. Accusamus eligendi id impedit incidunt labore maxime rem repudiandae saepe. 2127508300. 2020-12-31 ($7.5 BB Sold) Fund. 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. 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. KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Sovereign Wealth Fund from United States on 05/26/2021 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. 2020-12-31 ($7.5 BB Sold) Fund. We seek to drive value creation through distinctive sourcing, deep operational engagement, and active stakeholder management. KKRs Infrastructure funds are managed by Raj Agrawal. Get limited access to our industry news, analysis and data, plus regular email updates. India is a key market for this fund, though it doesnt have hard geographic allocations, he said. We seek to drive value creation through distinctive sourcing, deep operational engagement, and active stakeholder management. Sovereign Investor Leadership Conference March 2023 Filings. 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. Information regarding the Drawbridge Fund accessed through the KKR Investor Portal is confidential and intended for Drawbridge Fund investors only. You should only be asked to sign in once. %%EOF Partners Group is a leading global private markets firm. Sale. Infrastructure is a distinct asset class, making selection, based on a variety of factors, critically important. By using this site you agree to our use of cookies. Real estate fund managers target net zero, New Forests seeks to raise A$600m for Australia and New Zealand fund, Japanese firms Mitsui, Nomura to buy global forestry manager New Forests, NYSCRF adds $425m to emerging manager programme, Alaska Permanent Fund to invest up to $360m in US multifamily projects. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. We believe this strategy leads to value-added returns for our investors. The recipient should not distribute this Communication to any person (other than its legal, investment or tax advisors) without the prior consent of Drawbridge. 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. The UK-based infrastructure investor and developer will be split into a development company and an asset company should KKRs 2bn offer be accepted. hbbd```b`` 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. [form_session_id] => k61vqeGIFMynaDAGG_xYicANx8YNNRtHrJw88uh-Nrk All quotes delayed a minimum of 15 minutes. We are committed to helping to meet this resource imbalance by investing in infrastructure assets on a global basis. %PDF-1.6 % 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. As part of its dedicated Asia Pacific infrastructure strategy, launched in 2019, KKR has so far committed $1.8 billion across six investments. Sovereign Investor Leadership Conference March 2023. "h,&HTL2H0&E 4R H$m`3&F  FP Only logged in subscribers of this site will be able to access the shared article. 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. 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. 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 Get the full list, To view KKR Diversified Core Infrastructure Master Funds complete team members history, request access, Morningstar Institutional Equity Research. 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. Energy - Transport - Water & Waste - Telecom & I.C.T. 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. Please click on "I understand" to view the presentation. Download the Mint app and read premium stories. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. 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. Vincent Policard, Co-Head of European Infrastructure at KKR, added: With the close of our latest infrastructure fund, we look forward to deepening our commitment to meeting this pressing global need and continuing to make investments where we believe our differentiated approach and platform can create value for the long-term.. These resource issues have created a heightened need for experienced private capital. By clicking on Accept, you agree to the use of cookies. Date Filing Type Reported Sold Incremental Cash Type Exemptions ( [Current_Location] => TW Services. Don't have an account? A verification email is on its way to you. Based in Mumbai, Swaraj Singh Dhanjal is responsible for Mints corporate news coverage. KKR has so far raised $3bn (2.4bn) for its global open-ended core infrastructure fund, according to an investor. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Other Private Fund. 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). The primary source of capital funding for Lutheran churches and schools . The prior funds, KKR Global Infrastructure Investors II and KKR Global Infrastructure Fund, had raised $3.1 billion and $1 billion, respectively. 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. ESG: Dont forget physical climate risk for real estate, On the right path? Lorem ipsum dolor sit amet, consectetur adipisicing elit. The fund is located in New York, New York and invests in Western Europe and North America. Sale. 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. 299 0 obj <>stream The recipient should not distribute this Communication to any person (other than its legal, investment or tax advisors) without the prior consent of Drawbridge. The fund targets to invest in infrastructure sector with investments ranging between USD 250 million and USD 750 million and invests globally. 2023 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. We are committed to helping to meet this resource imbalance by investing in infrastructure assets on a global basis. 0 Kohlberg Kravis Roberts Co LP. 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. 2127508300. KKR & Co LP Q1 2021 Earnings Call May 4 . Accusamus aliquid animi commodi cumque nam nemo! 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 firm is also eyeing opportunities arising out of government programmes. Read our policy. 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. 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. Accusamus fuga nesciunt quos. New York, New York 10001. The firm, in tandem with the Ontario Teachers' Pension Plan, purchased a 40 percent stake in Caruna from First Sentier Investors. Our strategy is to seek infrastructure investments with limited downside risk. You should only be asked to sign in once. 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 PitchBook. We are thrilled to have their continued support and look forward to continuing to perform for our investors through this strategy.. The India Grid investment in mid-2019 was the first investment by the fund. 685 1784 92. ). 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 Diversified Core Infrastructure Master Fund is an infrastructure core fund managed by Kohlberg Kravis Roberts. 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. 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. 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. 04014F102 165062.00000000 NS USD 1913068.58000000 0.657210679421 Long EC RF US N 1 N N N KKR Income Opportunities Fund . News KKR rakes in $3bn capital for open-ended core infrastructure fund. 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. 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. Sectors will include utilities focused on the water, wastewater, electricity and natural gas distribution, digital infrastructure, renewable power, 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. 3233596, VAT No. KKR will be investing $1 billion of capital in the Fund alongside these investors through the Firms balance sheet, affiliates, and employee commitments. 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. 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. 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Western Europe and North America & Waste - Telecom & I.C.T infrastructure core managed.

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