KKR closed its latest infrastructure fund focused on the Asia-Pacific region, KKR Asia Pacific Infrastructure Investors II, at $6.4 billion and said it is the largest infrastructure fund focused on the region, according to a news release.
The fund is larger than its predecessor, KKR Asia Pacific Infrastructure Investors, which closed at $3.9 billion in 2021. KKR executives have invested or committed more than half of the capital in the first fund in 10 deals.
The latest fund has a broad investment mandate across sectors that includes renewables, power and utilities, water and wastewater, digital infrastructure and transportation.
Investors in the new fund include the $36.2 billion Texas Employees Retirement System, Austin, and $12.3 billion Sacramento County (Calif.) Employees' Retirement Association.