KKR closes $19.2B infrastructure fund
Analysis based on 7 articles · First reported Mar 09, 2018 · Last updated Aug 04, 2026
The successful close of a record $19.2 billion infrastructure fund signals strong investor appetite for infrastructure assets, particularly those tied to energy transition and digital infrastructure. This is positive for KKR & Co.'s stock as it demonstrates robust fundraising capabilities and fee-generating assets under management, likely supporting its valuation.
KKR & Co. announced the final closing of KKR & Co. Global Infrastructure Investors V, a $19.2 billion Core+ infrastructure fund focused on North America and Western Europe. This is KKR & Co.'s largest infrastructure fund to date and contributes to approximately $45 billion raised across its latest infrastructure vintages globally. The fund has already committed over $9 billion to investments including Altitude III, Électricité de France power solutions North America, Eni — Enilive, FiberCop, Global Technical Realty, Gulf Data Hub, Metronet, Sempra — Sempra Infrastructure, and The Parking Spot. KKR & Co.'s infrastructure business now manages approximately $120 billion in infrastructure equity, up from $13 billion in 2019, and has invested over $70 billion across North America and Europe. The fund was supported by a broad global investor base including pension plans, sovereign wealth funds, insurance companies, and family offices. KKR & Co. also reported $34 billion in second-quarter inflows, driven by its real assets business, and beat profit expectations.
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