Page 6 - AsiaElec Week 02 2021

AsiaElec INVESTMENT AsiaElec

KKR closes $3.9bn Asia Pacific

Infrastructure Fund

ASIA US investment firm KKR has closed its $3.9bn across both emerging and developed Asia-Pa-
KKR Asia Pacific Infrastructure Investors, which cific, in sectors such as waste, renewables, power
aims to focus on infrastructure-related invest- and utilities, telecommunications and transpor-
ments across the Asia Pacific region. tation infrastructure.
“We are thrilled to announce the close of our At the time of close, the Fund reached its
inaugural Asian infrastructure fund, coming at hard cap to become the largest pan-regional
this pivotal time for the infrastructure sector,” infrastructure fund to have been raised for
said Ming Lu, head of KKR Asia Pacific. Asia-Pacific.
“We believe that Asia-Pacific contains some The Fund’s size aligns with KKR’s expecta-
of the most favourable macroeconomic dynam- tions for infrastructure deal flow in the region
ics in the world, and that the region is expected through the long-term horizon.
to account for more than half of the world’s eco- KKR invested approximately $300mn in cap-
nomic growth in the coming years. ital alongside external investors through its bal-
“However, the demand to develop or upgrade ance sheet and employee commitments.
critical infrastructure assets outpaces the availa- David Luboff, head of Asia-Pacific Infrastruc-
ble public funding in many markets. ture at KKR, said: “Infrastructure is a key prior-
“Private capital is playing an increasingly ity for KKR in Asia-Pacific, and we are proud
important role in filling the gap in the region, to have built one of the leading infrastructure
and through our new fund, KKR is committed investment platforms in the region.”
to investing in essential infrastructure solutions In Asia, KKR has committed $1.8bn across
over a long-term horizon.” six investments as part of the firm’s dedicated
KKR’s infrastructure investment approach Asia-Pacific infrastructure strategy, which was
combines a disciplined selection process with launched in 2019.
distinctive deal sourcing and structuring capa- KKR’s Asia Pacific infrastructure portfolio
bilities executed by a dedicated investment team includes India Grid Trust, India’s leading infra-
based in markets across Asia-Pacific. structure investment trust; Virescent Infrastruc-
The Fund will focus on critical infrastructure ture, a renewable energy company in India;
with low volatility and strong downside protec- Eco Solutions Group, a leading environmental
tion where KKR believes it can achieve attractive services provider in South Korea; First Gen, a
risk-adjusted returns by leveraging its global net- leading Philippines power producer; TSK Cor-
work of industry experts, its highly experienced poration, an environmental services manage-
team in Asia-Pacific and long history of opera- ment company in South Korea; and Pinnacle
tional value creation. Towers, a leading telecommunications infra-
The Fund has a broad investment mandate structure provider in the Philippines. ™

P6 www. NEWSBASE .com Week 02 13•January•2020