The Los Angeles County Employees Retirement Association (LACERA) has approved $600 million in capital commitments to two infrastructure funds, according to a recent board document.
LACERA is putting $500 million in KKR Diversified Core Infrastructure Fund (DCIF) and $100 million in Smart Infrastructure Capital Partners Fund I.
DCIF is KKR’s first open-end infrastructure fund that seeks to pursue core infrastructure investments with a buy-and-hold approach. 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 utilities, power and renewable, telecom, transportation, social infrastructure, and energy transition sectors.
Specific details about Smart Infra
