KKR & Co Inc. is seeking to raise $12 billion for its Global Infrastructure Investors IV fund, according to Reuters.
Global Infrastructure Investors IV will invest in infrastructure assets such as oil and gas pipelines and renewable energy projects, according to sources with knowledge of the matter. The fund opened to investors in late 2020.
If it reaches its fundraising target, Fund IV will be the largest fund in the series, by far. The previous fund in the series, KKR Global Infrastructure Investors III, raised $7.4 billion in 2018 and prior to that, KKR Global Infrastructure Investors II and KKR Global Infrastructure Fund raised $3.1 billion and $1 billion, respectively.
