KKR & Co. closed its latest infrastructure fund, KKR Global Infrastructure Investors IV, at $17 billion, a news release said Monday.
The closed-end fund focuses on pursuing global infrastructure investment opportunities with an emphasis on North America and Western Europe, according to the news release.
The previous fund, KKR Global Infrastructure Investors III, closed at $7.4 billion in 2018.
Recent investments by KKR's infrastructure team include global data center infrastructure provider CyrusOne and European maritime leasing company Ocean Yield, according to the release.
Investors in KKR Global Infrastructure Investors IV include the $279.7 billion New York State Common Retirement Fund, Albany; $135.7 billion Minnesota State Board of Investment, St. Paul; $95.4 billion Michigan Retirement Systems, East Lansing; and $84.7 billion Alaska Permanent Fund Corp., Juneau.
A spokeswoman for KKR declined to comment further.
