Global investment firm KKR & Co announced on Wednesday that it successfully raised $6.4 billion for its latest fund, focused on infrastructure and energy-related investments across the rapidly growing Asia Pacific region. This fund marks the largest pan-regional infrastructure fund ever raised for Asia Pacific.
Hardik Shah, a partner at KKR's Infrastructure team, highlighted the significance of the fund, stating, "As Asia accounts for more than 60% of global growth, the need for new infrastructure and sustainable energy sources will continue to accelerate."
The fund, drawing strong support from global investors, covers a range of sectors, including renewables, power and utilities, water and wastewater, digital infrastructure, and transportation. KKR has already invested or committed more than half of the fund's capital across approximately 10 investments.
Recent activities by KKR include acquiring a 20% stake in Singapore Telecommunications' data center business and investing $400 million in Malaysian subsea telecommunications cable services provider OMS Group. Additionally, KKR and South Korea's Taeyoung Group are planning to sell their joint venture Ecorbit, potentially valuing the environmental company at over $2 billion.
KKR's extensive deal activities contribute to the robust momentum of mergers and acquisitions in the global infrastructure and energy space. In 2021, BlackRock, General Atlantic, and KKR itself made significant moves in this sector.
David Luboff, Co-Head of KKR Asia Pacific, emphasized that "Infrastructure is a key pillar of KKR's global and regional strategy."
KKR's strong foothold in the Asia Pacific region, with $13 billion in assets under management since its 2019 inception, reflects its commitment to the region's burgeoning opportunities.
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