KKR and Co. has plans to launch its maiden Asia-focused infrastructure fund, according to LiveMint, citing people familiar with the initiative.
The firm is targeting to raise between $1.5 billion and $2 billion for the Asia infrastructure fund. The new fund will focus across various segments, including telecommunications, roads and energy, specifically investments located in India and China.
In September, KKR announced that it had raised $7.4 billion for its third global infrastructure fund, focused on investments in OECD (Organization for Economic and Co-operation and Development) nations. The firm had raised $3.1 billion for its second infrastructure fund.
The firm recently hired Hardik Shah from Brookfield Asset Management to lead its infrastructure investments business in India.
