KKR raises record $6.4bn for APAC fund

KKR has announced the close of their Asia Pacific Infrastructure Investors II, a $6.4bn fund focused on infrastructure investments across the APAC region.

KKR says the fund is the largest pan-regional infrastructure fund to have been raised for Asia Pacific. It follows on from KKR’s inaugural Asia Pacific infrastructure fund, the KKR Asia Pacific Infrastructure Investors which closed at $3.9bn in 2021.

The new fund’s investors include public and corporate pensions, sovereign wealth funds, insurance companies, endowment funds, and asset managers. It will focus on critical infrastructure with low volatility across various sectors including renewables, power and utilities, water and wastewater, digital infrastructure, and transportation.

David Luboff, Co-Head of KKR Asia Pacific and Head of Asia Pacific Infrastructure at KKR, says, “Infrastructure is a key pillar of KKR’s global and regional strategy. We are proud to have built and scaled a market-leading platform in Asia Pacific in a short span of time, and are grateful for the continued support by our investors as we close our milestone second pan-regional fund. The success of the fundraise is a testament to the confidence that global investors have in our ability to deliver strong risk-adjusted returns and differentiated value-add through our established multi-asset platform, local presence in key markets, and strong ability to collaborate across multiple strategies and the region. Their commitment underscores our shared conviction that Asia Pacific’s infrastructure sector holds tremendous potential over the long term.”