Ab architecto culpa, eum mollitia optio quaerat veniam! Copyright HT Digital Streams Limited All rights reserved. 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. 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. 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. 3233596, VAT No. Other Private Fund. media@kkr.com, Craig Larson Read our policy. 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. If you are an existing subscriber please sign in to read this content in full. Sale. Address. All rights reserved. Direct links to the EDGAR source material. 2127508300. Please check your spam or junk folder just in case. Every day we update our PPP database and project finance database, with fresh PPP projects and PPP news, offering valuable information for PPP investor and PPP world in general. 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. By clicking on Accept, you agree to the use of cookies. We seek to drive value creation through distinctive sourcing, deep operational engagement, and active stakeholder management. 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 below charts are illustrative of the type of graphical data available to our clients and do not represent live data. KKR has so far raised $3bn (2.4bn) for its global open-ended core infrastructure fund, according to an investor. The scale of global infrastructure investment demand is enormous, and there is a growing need to replace and expand international infrastructure including all parts of the energy supply chain and a wide array of public services such as roads, railways, airports, and communications networks. 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. A verification email is on its way to you. KKR has hit the final close of its $3.9 billion maiden infrastructure fund for Asia, KKR Asia . The Fund has a broad investment mandate across a number of infrastructure sectors and predominantly pursues assets with strong existing cash flows and attractive reinvestment opportunities for future growth. Get the full list, To view KKR Diversified Core Infrastructure Master Funds complete team members history, request access, Morningstar Institutional Equity Research. Registered Office: 1 Kentish Buildings, 125 Borough High Street, London SE1 1NP, Germany eases tax on Spezialfonds investing in renewables, Ivanho Cambridge, Belfius, Belgiums SWF back co-living firm Cohabs, Patrizia Infrastructure acquires Italian bio-LNG producer Biomet. 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. 2020-12-31 ($7.5 BB Sold) Fund. [Current_Location] => TW Beatae, voluptate! Outside US: +1 (212) 230-9410 See here for a complete list of exchanges and delays. DCIF is KKR's first open-end infrastructure fund that seeks to pursue core infrastructure investments with a buy-and-hold approach. MainePERS has invested in other KKR infrastructure funds, however, a . The LEI number of your company has expired! 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. 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. 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. endstream endobj 267 0 obj <. Date Filing Type Reported Sold Incremental Cash Type Exemptions Link to Raw Filing; Win whats next. The prior funds, KKR Global Infrastructure Investors II and KKR Global Infrastructure Fund, had raised $3.1 billion and $1 billion, respectively. Based in Mumbai, Swaraj Singh Dhanjal is responsible for Mints corporate news coverage. Register now to read this article and more for free. The fund targets to invest in infrastructure sector with investments ranging between USD 250 million and USD 750 million and invests globally. Please click on "I understand" to view the presentation. We started raising the fund in mid 2019 and in our first attempt we have raised the largest corpus for such a strategy. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. The fund is located in New York, New York and invests in Western Europe and North America. 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. 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). Date Filing Type Reported Sold Incremental Cash Type Exemptions 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. 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 so far raised $3bn (2.4bn) for its global open-ended core infrastructure fund, according to an investor. The recipient should not distribute this Communication to any person (other than its legal, investment or tax advisors) without the prior consent of Drawbridge. We believe this strategy leads to value-added returns for our investors. The Fund's active industry exposures (which are a byproduct of stock selection) detracted as well as active individual stock exposures. Accusamus eligendi id impedit incidunt labore maxime rem repudiandae saepe. We seek to drive value creation through distinctive sourcing, deep operational engagement, and active stakeholder management. Accusamus aliquid animi commodi cumque nam nemo! KKR Diversified Core Infrastructure Fund (B) SCSp B245498 Important notice . In order to view this content, you must have a full subscription or a funds subscription. We look to use these investments to generate current income and capital appreciation for investors in our funds. core infrastructure . Also Read | How plant meat is coming of age in India. Email: Investor-Relations@kkr.com. We focus on investments where we believe risk can be minimized in order to deliver attractive risk-adjusted returns, and we use a risk-based asset selection process to make our decisions. In order to update the data, it is also necessary to extend the validity of the LEI number in the international GLEIF database. We believe this strategy leads to value-added returns for our investors. Drawbridge is an independently managed real estate investment vehicle. Our Standards: The Thomson Reuters Trust Principles. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Private equity firms tend to raise successor funds that are 10% to 20% larger than their predecessors. KKR will be investing $1 billion of capital in the Fund alongside these investors through the Firms balance sheet, affiliates, and employee commitments. We use cookies to create the best possible browsing experience for InfraPPP website visitors. hb```r,B w``cT}C"P( 3c)Y\Yla=m[ Zn;i~Lv"% $ 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). [form_session_id] => P5d6pu-eUPn9-JKRQw4Bufsm1nNgRWHBUA519qOlzIE We believe that a lot of capital for this will come from foreign investors," he said. Oops! 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. Filings. We seek to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses . The expertise of our Public Affairs group, outside advisors and partnerships with policymakers, organized labor, environmental NGOs and other interested parties provide KKR with differentiated opportunities to enhance the long-term value of our infrastructure investments. Only logged in subscribers of this site will be able to access the shared article. Kohlberg Kravis Roberts Co LP. Not the case? 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. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Download the Mint app and read premium stories. 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. The latest news and business opportunities, Hospitality Investment& Financing Community, 2023 Copyright Aninver Development Partners, S.L. 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.. We underwrite., First-time fortunes for emerging managers. And performance in our flagship fund has been even stronger, up 28% for the quarter and up almost 80% over the last 12 months. hbbd```b`` Address. KKR Diversified Core Infrastructure Fund (A) SCSp B245499 Important notice . Our goal is to achieve returns through the acquisition and operational improvement of infrastructure assets, which are important to the functioning of regional and local economies. 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. 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. You are just one step away from creating your watchlist! 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. 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). 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. All forward-looking statements speak only as of the date they are made. To read the digital edition of the latestIPE Real Assets magazineclickhere. ( An engineer and an MBA, he started his journalism career in 2014 with Mint. This presentation contains certain forward-looking statements pertaining to KKR & Co. Inc. and its consolidated subsidiaries (collectively KKR), including certain investment funds, vehicles and accounts that are managed by KKR (each, a fund). 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 . 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. You can check all the benefits of becoming a member and purchase a subscription on our membership page. NEW YORK & LONDON(BUSINESS WIRE) But KKRs latest global infrastructure fund would be significantly bigger than KKR Global Infrastructure Investors III, which amassed $7.4 billion from investors in 2018. 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