The Indiana Public Retirement System (INPRS) has funneled a total of $150 million into KKR Diversified Core Infrastructure Fund (DCIF) and its coinvestment vehicle.
The open-ended DCIF invests in core infrastructure assets globally in OECD countries. According to an INPRS investment document, the fund is a low fee, “beta” play on infrastructure with an experienced manager focused on yield and capital preservation.
DCIF is KKR’s first open-end infrastructure fund that seeks to pursue core infrastructure investments with a buy-and-hold approach. The fund opened to investors in late December 2020 and will pursue opportunities in North American, Western European and Asian markets.
Other recent investors in the fund include the San Mateo County (Calif.) Employees Retirement Association, the Maine Public Employees Retirement System, Border to Coast Pensions Partnership, the Sonoma County (Calif.) Em