KKR Infrastructure And Real Assets Platform Now Manages $4 Billion

Global investment firm Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”) today announced that with the closes of its infrastructure and natural resource funds, the firm’s Energy & Infrastructure platform now manages $4 billion in non-private equity related assets.

“KKR’s global energy and infrastructure business has a broad set of operational, technical and financial capabilities to bring to all of our investments,” said Marc Lipschultz, Global Head of KKR’s Energy and Infrastructure business. “These funds, which target attractive opportunities outside of the private equity arena, benefit from our global footprint, extensive and deep resources and strong track record of investing in this space,” he continued.

The infrastructure fund had a final close on over $1 billion, which, in addition to the $1.3 billion of already committed infrastructure-related separate accounts, brings total infrastructure committed capital to $2.4 billion. The natural resource fund also had a close, bringing total commitments to $1.25 billion, which, in addition to $350 million of capital outside the fund, brings total committed capital for natural resources to $1.6 billion. Both funds include committed capital from a diverse group of global investors, including insurers, pension plans, and family offices.

Infrastructure

KKR’s infrastructure fund has a broad mandate centered on global infrastructure, particular areas of emphasis include midstream energy, renewable energy, utilities (water, power and gas), social infrastructure and selected transportation-related infrastructure.

Recent infrastructure investments include an operating wind-powered electricity generation business in France in partnership with Sorgenia, a leading Italian operator; an operating solar generation business in partnership with T-Solar, one of the top solar developers and operators globally and SunTap, a partnership with Google and Recurrent Energy that manages a global portfolio of solar photo-voltaic facilities. The fund has also made an investment in Saba Infraestructuras, a leading operator of car parks and logistics parks. Prior to forming the fund, KKR’s infrastructure platform also acquired a 23.44% stake in the Colonial Pipeline Company, the largest refined products pipeline in North America.

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