KKR hits halfway mark for $3b Asia-focused infrastructure vehicle

REUTERS/Brendan McDermid

Global private equity group KKR & Co has raised $1.5 billion for its first Asia-focused infrastructure fund, roughly half the total targeted, one person with direct knowledge said.

KKR began to target Asia’s infrastructure sector with a series of hires beginning about a year ago and launched its fundraising in 2019.

The source declined to be named because the information was not public. KKR declined to comment.

The fundraising comes as private equity firms globally shift from focusing purely on buyouts towards becoming all-round investment houses with a series of alternative assets, such as infrastructure, real estate, hedge funds and credit.

KKR has about a dozen people in the region focused on infrastructure, according to the person. It made its first investment in the sector with a $400 million deal taking control of India Grid Trust (IndiGrid).

Separately, the firm has begun raising its fourth Asian private equity fund, aiming to raise $15 billion, Reuters reported this month.

The firm has also been raising a real estate fund for Asia,targeting $1.5 billion, Reuters reported in March.

Reuters

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.