KKR Raises $17 Billion for Its Biggest Infrastructure Fund Ever
- Investors include sovereign wealth funds, insurers, endowments
- Fund almost $10 billion bigger than its immediate predecessor
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KKR & Co. amassed $17 billion for global infrastructure bets, its largest fund dedicated to the burgeoning sector.
The private equity firm said it held a final close for the vehicle, KKR Global Infrastructure Investors IV, with backing from institutional investors including sovereign wealth funds, insurance companies, endowments and family offices. The pool includes $1 billion in commitments from employees and affiliates as well as the firm’s own balance sheet.