Asset Manager

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KKR Global Infrastructure Investors

KKR Global Infrastructure Investors began in 2008 as KKR's dedicated infrastructure platform, leveraging the firm's broader private equity network.

KKR Global Infrastructure Investors

KKR Global Infrastructure Investors began in 2008 as KKR's dedicated infrastructure platform, leveraging the firm's broader private equity network. The division is co-led by Raj Agrawal and Brandon Freiman, who took over from earlier leadership in 2022 (per Bloomberg, 2022). The team operates within KKR's public company structure, meaning its capital comes from institutional limited partners and KKR's own balance sheet rather than a single family fortune. The strategy spans core-plus, value-add, and opportunistic investments across energy transition, digital infrastructure, transportation, and utilities. KKR typically targets control or co-control positions in assets with stable cash flows and secular growth drivers. Confirmed portfolio companies include: Zenobē Energy (a UK-based battery storage firm, acquired in 2022), CyrusOne (a data center REIT, taken private alongside Global Infrastructure Partners in 2021), and a stake in Philippine telecom tower operator Frontier Tower Associates (per Bloomberg, 2022). Geographic reach covers North America, Europe, and Asia-Pacific. KKR's infrastructure platform manages over $50 billion in assets (public record). The team counts roughly 50 investment professionals across New York, Houston, London, and Singapore. The platform operates alongside KKR's related vehicles, including the KKR Global Impact Fund and the firm's energy real assets strategy, and maintains close ties to KKR's broader buyout and credit arms. In May 2024, KKR closed its fourth global infrastructure fund at $17 billion, exceeding its $15 billion target (per Bloomberg, May 2024). KKR's structural differentiator is its integration within a publicly traded alternative asset manager with over $500 billion in total AUM. This gives Global Infrastructure Investors access to KKR's proprietary deal flow from 23 offices worldwide, plus the ability to co-invest alongside KKR's balance sheet. The platform also benefits from KKR's permanent capital base through its insurance subsidiaries, providing a patient capital advantage not available to standalone infrastructure funds.

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

New York

Corporate office

New York, NY, United States

Additional offices

Tulsa, OK, United States

Principals

Raj Agrawal

Co-Head of KKR Global Infrastructure

Brandon Freiman

Co-Head of KKR Global Infrastructure

Sector focus

InfrastructureEnergy Transition & RenewablesDigital InfrastructureTransportationUtilities

Frequently asked questions

Who makes investment decisions at KKR Global Infrastructure Investors?

The platform is co-headed by Raj Agrawal and Brandon Freiman, who assumed leadership in 2022 (per Bloomberg, 2022). Investment decisions are made by the team alongside KKR's broader investment committee, which includes senior KKR partners such as Henry McVey (head of KKR's Global Macro and Asset Allocation group).

How does KKR Global Infrastructure source deals?

KKR uses its 23-office global network, relationship with portfolio companies, and sector-specialist teams to source proprietary infrastructure assets. The firm often originates control-focused investments through long-standing industry relationships, as seen in its acquisitions of Zenobē and CyrusOne (per Bloomberg, 2022).

Is KKR Global Infrastructure a fund or a separate investment platform?

It is a dedicated investment platform within KKR & Co. Inc. (NYSE: KKR), a publicly traded alternative asset manager. The infrastructure team manages multiple funds, including the $17 billion KKR Global Infrastructure Investors IV (closed in May 2024), alongside separately managed accounts and co-investment vehicles (per Bloomberg, May 2024).

What investment stages does KKR Global Infrastructure focus on?

The team targets core-plus, value-add, and opportunistic infrastructure assets. It acquires controlling or co-controlling stakes in operating assets with stable cash flows and secular growth characteristics — such as energy transition, digital infrastructure, and transport — rather than greenfield developments.

Which sectors does KKR Global Infrastructure invest in?

Its focus sectors are energy transition and renewables, digital infrastructure (data centers, fiber, towers), transportation (ports, rail, pipelines), and utilities. The platform has also invested in energy storage, including battery storage firm Zenobē Energy (per Bloomberg, 2022).

Does KKR Global Infrastructure invest alongside KKR's other funds?

Yes. The infrastructure team often co-invests with KKR's buyout, credit, and impact funds, as well as KKR's balance sheet and insurance subsidiaries. This cross-platform coordination allows for larger equity checks and longer hold periods than standalone infrastructure funds typically offer.

What distinguishes KKR Global Infrastructure from other large infrastructure managers?

Its inside access to KKR's global deal flow, permanent capital from the firm's insurance platforms, and ability to execute complex structured transactions differentiate it. KKR's scale and public company governance also provide institutional LPs with transparency and alignment rare among private infrastructure funds.

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