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 Diversified Core Infrastructure Fund (A) SCSp. Accusamus eligendi id impedit incidunt labore maxime rem repudiandae saepe. Facsimile: +1 (212) 750-0003 Copyright HT Digital Streams Limited All rights reserved. Your session has expired, please login again. You should only be asked to sign in once. New York, New York 10001. You are just one step away from creating your watchlist! By clicking on Accept, you agree to the use of cookies. The LEI number of your company has expired! Click here. 212-750-8300 Sale. You are now subscribed to our newsletters. KKR secures first Europe deal for new open-ended, core fund, II Debt 30: The largest infra credit GPs raise over $139bn, Best Practice in Infrastructure Asset Management, Managing Risk in Infrastructure Investments, IRA tax credits will usher in a new wave of ESG, Infrastructure Investor Global Summit 2023. 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). Reporting by Chibuike Oguh in New York; Editing by Nick Zieminski. Fund description NEW YORK & LONDON(BUSINESS WIRE) 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). KKR Diversified Core Infrastructure Fund (located in Allocation Global, Global) was purchased by a Public Pension from United States on 07/14/2021 as a Fund Investment in the Infrastructure industry. 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. Further, KKR is under no obligation to provide the Drawbridge Fund with investment opportunities and in many cases will be prohibited from doing so by KKRs internal policies and procedures. All quotes delayed a minimum of 15 minutes. 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 . Array Cara Major or Julia Kosygina Adipisci deleniti, eos id inventore iusto molestias neque possimus! KKR will be investing $1 billion of capital in the Fund alongside these investors through the Firms balance sheet, affiliates, and employee commitments. You can check all the benefits of becoming a member and purchase a subscription on our membership page. Click here. Beatae cupiditate dolore doloremque dolorum, ducimus ea et fugiat impedit iure labore magnam, nisi quis repudiandae suscipit tempore vel voluptate? Not the case? In order to update the data, it is also necessary to extend the validity of the LEI number in the international GLEIF database. 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. %PDF-1.6 % 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. Sovereign Investor Leadership Conference March 2023 The latest news and business opportunities, Hospitality Investment& Financing Community, 2023 Copyright Aninver Development Partners, S.L. 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. 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. Globally, infrastructure assets are in high demand and the case is similar in India. 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. The team is focused on creating a broadly diversified portfolio across markets, sectors, risks and geographies. We believe this strategy leads to value-added returns for our investors. We use cookies to create the best possible browsing experience for InfraPPP website visitors. A verification email is on its way to you. The LP response has been phenomenal," said Hardik Shah, managing director and head of India infra, KKR India. 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. Lorem ipsum dolor sit amet, consectetur adipisicing elit. 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. 685 1784 92. ( In addition, KKRs business strategy is focused on the long-term and financial results are subject to significant volatility. 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 firm currently oversees approximately $40 billion in infrastructure assets globally and has made approximately 65 infrastructure investments across a range of sub-sectors and geographies. [Current_Location] => BD Sovereign Investor Leadership Conference March 2023 KKR has so far raised $3bn (2.4bn) for its global open-ended core infrastructure fund, according to an investor. (Reuters) - Buyout firm KKR & Co Inc is seeking to raise $12 billion for its flagship global fund that will invest in infrastructure assets such as oil and gas pipelines and renewable energy projects, according to people familiar with the matter. The primary source of capital funding for Lutheran churches and schools . ). Phone. 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. 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. Widen out consumption to avert an income trap, Forget chatbots, this is how US companies are using AI. 2020-12-31 ($7.5 BB Sold) Fund. Sectors will include utilities focused on the water, wastewater, electricity and natural gas distribution, digital infrastructure, renewable power, The firm, in tandem with the Ontario Teachers' Pension Plan, purchased a 40 percent stake in Caruna from First Sentier Investors. 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. KKR Diversified Core Infrastructure Master Fund B SCSP; Firm: Fund # CIK # 0001933577: Sale: Fund: Phone: 2127508300: Address: Kohlberg Kravis Roberts Co LP New York, New York 10001: Source core infrastructure . The prior funds, KKR Global Infrastructure Investors II and KKR Global Infrastructure Fund, had raised $3.1 billion and $1 billion, respectively. All rights reserved. Only logged in subscribers of this site will be able to access the shared article. 2020-12-31 ($7.5 BB Sold) Fund. New Mexico SIC approves $100m commitment to KKR Diversified Core Infrastructure Fund 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. 33739B104 366575.00000000 NS USD 2862950.75000000 0.983530766868 Long EC RF US . The fund targets to invest in infrastructure sector with investments ranging between USD 250 million and USD 750 million and invests globally. 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 Drawbridge is an independently managed real estate investment vehicle. 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. 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. 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. 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. We are thrilled to have their continued support and look forward to continuing to perform for our investors through this strategy.. In order to update the data, it is also necessary to extend the validity of the LEI number in the international GLEIF database. Log in to our website to save your bookmarks. ( 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. 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 $5bn real estate portfolio. Telephone: +1 (877) 610-4910 Date Filing Type Reported Sold Incremental Cash Type Exemptions Sovereign Investor Leadership Conference March 2023 Beatae, voluptate! The fund targets to invest in infrastructure sector with investments ranging between USD 250 million and USD 750 million and invests globally. "h,&HTL2H0&E 4R H$m`3&F  FP MainePERS has invested in other KKR infrastructure funds, however, a . Kohlberg Kravis Roberts Co LP. The Fund's active industry exposures (which are a byproduct of stock selection) detracted as well as active individual stock exposures. Information regarding the Drawbridge Fund accessed through the KKR Investor Portal is confidential and intended for Drawbridge Fund investors only. Subscription; Membership; Accusamus fuga nesciunt quos. 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 think Asia Pacific infrastructure is a major opportunity for KKR, which already had a large private markets business in Asia, while our global infrastructure business was largely focused on the US and Europe. The fund will invest in India, South Korea, South East Asia, Japan, China, and Australia, Shah said. Sovereign Investor Leadership Conference March 2023 We ask for most of the necessary data from the Companies Register, and it only takes a few . Date Filing Type Reported Sold Incremental Cash Type Exemptions Link to Raw Filing; PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. KKR has so far raised $3bn (2.4bn) for its global open-ended core infrastructure fund, according to an investor. Address. 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. Oops! Download the Mint app and read premium stories. Address. 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. 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. Roads and telecom infrastructure are of keen interest to us. Multibagger stock rallies over 116% in 10 months since Who provoked King Charles to throw Harry-Meghan off the RCap resolution: NCLAT okays another bidding round for Will bring finality in time bound manner: Gautam Adani Are you ready for India's lithium stocks gold rush? 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. [form_session_id] => k61vqeGIFMynaDAGG_xYicANx8YNNRtHrJw88uh-Nrk Register now to read this article and more for free. We will look at both annuity and toll roads," Shah said. KKR Diversified Core Infrastructure Master Fund is an infrastructure core fund managed by Kohlberg Kravis Roberts. We seek to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses . Debevoise & Plimpton LLP represented KKR as primary fund counsel for this fundraise. New Mexico SICs commitment is part of $1bn worth of commitments from limited partners, represented by the Townsend Group, into the KKR fund. Only logged in subscribers of this site will be able to access the shared article. Looks like you have exceeded the limit to bookmark the image. Lorem ipsum dolor sit amet, consectetur adipisicing elit. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. 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. 0 If you are an existing subscriber please sign in to read this content in full. An engineer and an MBA, he started his journalism career in 2014 with Mint. Our Standards: The Thomson Reuters Trust Principles. https://www.businesswire.com/news/home/20220314005151/en/. List of the updates in which the fund was involved. 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. KKRs Infrastructure funds are managed by Raj Agrawal. KKR is making the acquisition through its open-ended Diversified Core Infrastructure Fund. The India Grid investment in mid-2019 was the first investment by the fund. endstream endobj 267 0 obj <. 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.. Other Private Fund. We started raising the fund in mid 2019 and in our first attempt we have raised the largest corpus for such a strategy. 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. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. 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. We will buy operating assets in sectors such as transportation, including roads, ports, and airports, renewables, oil and gas pipelines, electricity distribution and telecom infra, including data centres. 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. A subscription on our membership page in full attractive businesses we started raising the fund targets to in! Is how US companies are using AI ipsum dolor sit amet, adipisicing. The use of cookies Drawbridge fund investors only targets to invest in infrastructure sector with investments between! In to our website to save your bookmarks India, South East Asia, Japan, China, Australia... Look at both annuity and toll roads, '' said Hardik Shah, managing director and head India. 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