KKR Global Infrastructure Investors II, a $3.1bn global fund with an emphasis on OECD countries, has closed.
KKR said insurance companies and asset managers were among a diverse group of new and existing investors. With the closing, KKR has $5.6bn in infrastructure assets under management and has also deployed $1.0bn through infrastructure co-investments.
The new fund, KKR said, will follow the existing global infrastructure investment strategy, with investments continuing to be made in the energy supply chain, water systems, roads, railways, airports and communications networks.
"A decrease in public funding and weakened economic conditions in many regions are driving tremendous global demand for private investments in infrastructure," noted Marc Lipschultz, global head of KKR's energy & infrastructure business.