KKR, a private equity platform, has recently raised $3.9 billion in KKR Asia Pacific Infrastructure Investors SCSp, its debut infrastructure private equity fund in Asia, at final close.
The fund has been mandated to make critical infrastructure-related investments with strong downside protection and low volatility for the long-term in emerging as well as developed countries in the Asia Pacific region. It will focus on transportation infrastructure, telecommunications, power & utilities, waste, and renewables assets.
KKR Asia Pacific Infrastructure Investors SCSp is the largest pan-regional infrastructure fund for the APAC region. So far, KKR has raised $13.1 billion for its 4th Asia Buyout Fund in total equity commitments. This fund has been raised with an objective to invest in various private equity transactions across the region. The placement agents of the fund include Fenner & Smith Inc, Sumitomo Mitsui Banking Corporation, Lyntone Capital Advisors Ltd, J.P. Morgan Securities LLC, and iCapital Securities LLC, among others.
As the GP (General Partner), KKR has invested $300 million in the capital, which represents 7.7% of the total fund, alongside external investors via balance sheet & employee commitments. The LPs (Limited Partners) of the fund consists of the global infrastructure investors such as high net-worth individual investors, family offices, private banking platforms, endowments, insurance companies, sovereign wealth funds, and public & corporate pensions.
The private equity firm has committed six investments worth $1.8 billion in Asia to date. Its infrastructure portfolio includes Pinnacle Towers, TSK Corporation, First Gen, Eco Solutions Group, Virescent Infrastructure, and India Grid Trust. Additionally, the fund recorded its 1st sale in November 2019. Its placement agents include OCP Fund Management LP and NH Investment & Securities Co Ltd.
For this fundraising event, Debevoise & Plimpton LLP served as a primary fund counsel to KKR.