KKR boosts infrastructure focus in India

KKR, a leading global investment firm, has unveiled plans to allocate a portion of its newly secured USD 6.4 billion Asia-focused fund towards infrastructure ventures, particularly in India.

The Asia Pacific Infrastructure Investors II Fund, which concluded on February 1, 2024, targets investments in various sectors including roads, highways, and renewable energy across India, South Korea, Southeast Asia, Japan, Australia, and New Zealand.

Building on the success of its initial Asia fund, which allocated approximately 30 percent of its USD 3.9 billion corpus to Indian infrastructure, KKR maintains a steadfast commitment to India as a primary focus area. The firm is actively deploying capital from its second fund across key Asian markets, with a keen eye on opportunities in Korea, Japan, and Southeast Asia, while also exploring options in Australia and New Zealand.

Globally, KKR aims to bolster its asset-management business, currently valued at around USD 553 billion, with a particular emphasis on infrastructure and climate-focused investments. With USD 59 billion in assets under management within the infrastructure sector worldwide, KKR is strategically positioned to capitalise on growth opportunities.

In India, KKR’s strategic focus encompasses investments in power transmission assets, highway networks, renewable energy platforms, and logistics. With a cumulative investment of USD 10 billion in India, infrastructure remains a pivotal growth driver for the firm, exemplifying its enduring commitment to the country’s development landscape.