The platform is managing assets worth 157 billion of US Dollars in equity and debt
US giant for alternative investments KKR grouped under a single unit its infrastructures and real estate activities. Raj Agrawal, previously global head of infrastructures, will now also act as Global Head of Real Assets and lead the real estate activities, while Ralph Rosenberg, the former head of real estate, will be chairman of Real Assets.
As Bloomberg previously reported and Infrastructure Investor confirmed, KKR carried on this reorganization as several institutional investors group infrastructure and real estate as part of the same strategy. Furthermore, the convergence of such asset classes is growing also in light of the spiking demand of data centres for Artificial Intelligence.
KKR Infrastructure recently signed a deal for a strategic investment in Gulf Data Hub (GDH), a major independend Middle-East data centre platform, ahead of investing more than 5 billion US Dollars for developing such activities in the Gulf countries (see here a previous post by BeBeez).
KKR Real Assets will manage assets worth a total of 157 billion in equity and debt. KKR create its Infrstructure unit in 2008, grew to 77 billion as of 30 September 2024, up from 13 billion of five years ago. The real estate business, which started in 2011, grew to 80 billion from 15 billion in the same period.
