The Arkansas Teacher Retirement System (ARTRS) has approved a $50 million commitment to KKR Diversified Core Infrastructure Fund (DCIF), an open-end infrastructure fund managed by KKR.
DCIF is KKR’s first open-end infrastructure fund that seeks to pursue core infrastructure investments with a buy-and-hold approach. The fund will focus on existing projects with imminent need, according to an investment document from ARTRS.
The fund has a particular focus on investments in contracted and/or regulated cash flows from existing projects, assets and businesses located in the OECD countries of North America, Western Europe and developed Asia. DCIF will seek to invest across the utilities, power and renewable, telecom, transportation, social infrastructure, and energy transition sectors.
As of March 31, ARTRS had a 1.4 percent allocation to the infrastructure asset class. The infras
