From Reuters via Yahoo Finance, January 31:
(Adds more details and quotes from statement paragraphs 2 - 10)
Feb 1(Reuters) - Global investment firm KKR & Co said on Wednesday it had raised $6.4 billion for its fund focused on infrastructure and energy related investments across the fast-growing Asia Pacific region.
New York-based KKR said the fund was the largest pan-regional infrastructure fund to have been raised for Asia Pacific."As Asia accounts for more than 60% of global growth, driven by rising domestic consumption and productivity, rapid urbanization, and an enormous emerging middle class, the need for new infrastructure and sustainable energy sources will continue to accelerate," said Hardik Shah, a partner at KKR's Infrastructure team based in Mumbai, in the statement.
KKR said the fund received strong backing from new and existing global investors including public and corporate pensions, sovereign wealth funds, insurance companies, endowment funds, and asset managers.
The fund's mandate covers sectors including renewables, power and utilities, water and wastewater, digital infrastructure, and transportation, according to KKR....
....MUCH MORE
Recently:
January 8 "East Coast land continues to collapse at a worrying rate It's steadily sinking or subsiding, which is destabilizing levees, roads, and airports."
January 8: "There’s a Shortage of Electrical Wires, Transformers. That’s Good for These Stocks."
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January 15: "Investors look set to pour cash into infrastructure following BlackRock acquisition" (BLK)
January 16: "BlackRock Acquisition Triples Its Business of Building Airports, Roads, and Utilities"
I'm telling ya, this is a big deal. Not just for the $12.5 billion purchase price but for the $100+ billion in assets that GIP manages.
January 23: Minerals-for-Infrastructure: "Congo and China Talking $7 Billion In Finance, Tshisekedi Says"
January 23: DEI and ESG Live On, We Just Won't Talk About Them (BLK)
That's one lesson from BlackRock's purchase of Global Infrastructure Partners.
January 29: RAND: "The U.S. Must Close the Long-Distance Power Transmission Gap with China"
KKR has raised a record $6.4bn for its latest Asian infrastructure fund, capping a month of frenzied investment activity in the sector at a time when broader private equity fundraising has slowed.
—KKR raises record $6.4bn for Asia fund in infrastructure rush
