KKR to raise US$1.5 billion for its Asia Infrastructure Fund
Global private equity group KKR & Co has expanded its presence in Asia's infrastructure sector by launching a new fund. The Fund will focus across various segments within infrastructure right from telecom to roads and energy.
KKR & Co is targeting to raise between US$1.5 billion and US$2 billion for the Asia Infrastructure Fund.
The firm has poached David Luboff, CEO of Macquarie Group's Asia Infrastructure Fund, as its new head of Asia Pacific Infrastructure. Luboff, based in Singapore, will lead the Asian operations of the firm's infrastructure business.
KKR has also hired Hardik Shah, formerly with Brookfield Asset management, as a Mumbai-based director, the spokeswoman said. He will focus on exploring infrastructure investment opportunities.
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