KKR Collects $3.1 Billion for Road, Railway, Airport Deals

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KKR & Co. raised $3.1 billion to invest in infrastructure after backing projects such as a New Jersey wastewater system and renewable energy developments.

The private equity firm gathered the maximum amount allowed by clients for KKR Global Infrastructure Investors II, Kristi Huller, a KKR spokeswoman, confirmed. The firm, run by Henry Kravis and George Roberts, finished collecting $1 billion in 2012 for its first infrastructure fund.