Asia-Pacific Largent Infra Fund Deal of US$3.9 Billion
US investment group KKR & Co has closed its first US$3.9 billion fund focused on Infrastructure investment across Asia-Pacific, a record size for the region. The fundraising comes at a pivotal time for the infrastructure sect
US investment group KKR & Co has closed its first US$3.9 billion fund focused on Infrastructure investment across Asia-Pacific, a record size for the region. The fundraising comes at a pivotal time for the infrastructure sector as governments globally call for more spending on infrastructure, from bridges to power grids, to help kick-start economies subdued by the Covid-19 pandemic. Interest rates remain low, meaning financing is cheap.The fund, called KKR Asia-Pacific Infrastructure Investors, will invest across both emerging and developed parts of the region, in sectors including waste, renewables, power and utilities, telecommunications and transport infrastructure.KKR’s fundraising launched mid-2019 and was oversubscribed after attracting public and corporate pensions, sovereign wealth funds, insurance companies, endowments, private banking platforms, family offices and wealthy individual investors. Investors came from Canada, the Middle East, the US and the Asia-Pacific region.