Alternative money manager KKR & Co. has added three former Capital Dynamics team members to increase its focus on clean energy infrastructure investing.
Benoit Allehaut and Tim Short were named managing directors, and Benjamin Droz was named principal at KKR & Co., said Brandon Freiman, partner and KKR's head of North American infrastructure. The positions are new.
All three were members of Capital Dynamics' clean energy infrastructure team. Messrs. Allehaut and Short were managing directors, and Mr. Droz was a vice president, Mr. Freiman said.
At KKR, they will focus on sourcing energy transition investments and renewable energy investments in North America. Though KKR has been active in the sector over the past five years, the hires are about KKR dramatically scaling up its investments "given our view of how significant a role energy transition will play in infrastructure over the coming decades," Mr. Freiman said.
As of Dec. 31, KKR's total assets under management was $252 billion. Currently, KKR's overall infrastructure AUM is $27 billion, according to the news release.
A spokesman for Capital Dynamics could not be immediately reached for further information.