NYSE-listed private capital giant KKR said that the final closing for Global Infrastructure Investors V (GII) hit a record-breaking 19.2 billion US Dollars in commitments (press release).
GII will mainly target North American and Western European essential infrastructure with high entry barriers and stable, predictable cash flows over the long term. The fund’s deployment is in advanced stage as it already committed with more than 9 billion US Dollars for several investments.
KKR operates in the infrastructures sector since 2008 and today it invests in electricity networks, telecommunications, transport, utilities, power generation facilities, digital infrastructure, and essential services in many international markets. After having completed such a fundraising, KKR’s global vintage infrastructure strategies raised a total of little below 45 billion US Dollars. The firm’s infrastructural platform manages equity worth in the region of 120 billion US Dollars and already poured more than 70 billion US Dollars in sector deals in North America and Europe.
On 3 August, Monday, KKR said it signed an agreement with TotalEnergies for the acquisition of 50% of a portfolio of onshore wind and solar power plants based in Germany, Spain, France, and Poland that are at an advanced development stage and have a 1.2 GW power. The asset’s enterprise value amounts to 1.8 billion euros. TotalEnergies will keep managing the assets (press release). In June 2026, KKR announced the purchase of EDF Power Solutions activities in North America for 4.2 billion US Dollars, the fund’s largest single investment in the renewable energy sector (KKR statement and EDF announcement).
Raj Agrawal, KKR Global Head of Real Assets, commented: “When we established KKR’s infrastructure business in 2008, we were convinced that there was an opportunity to approach infrastructure investment differently, bringing a disciplined investment approach, operational expertise and a proven track record of creating value in those essential assets that power economies and communities around the world. Almost two decades later, Fund V represents an important milestone on this journey. It reflects the confidence our investors have placed in our team, the strength of the global platform we have built together, and our belief that opportunities in the infrastructure sector have never been so extensive.”
Brandon Freiman, KKR Head of North American Infrastructure, added: “Demand for infrastructure investment in North America continues to accelerate, as digitalisation, electrification and industrial growth reshape the economy. Meeting this demand will require significant amounts of patient capital, and we believe that KKR is well positioned to partner with companies and asset owners investing in the infrastructure that will underpin the next phase of economic growth.”
Vincent Policard, KKR Co-Head of European Infrastructure, pointed out: “Europe is entering a phase in which investment in critical infrastructure will play an increasingly important role in underpinning competitiveness, energy security and economic resilience. Having invested in the region for many years, we believe that our local presence, our global network and our long-term approach place us in a unique position to work alongside businesses, communities and public sector stakeholders as these needs continue to grow.”
Brandon Donnenfeld, KKR Infrastructure managing director and Chief Development Officer, said: “We are grateful to have received strong support both from long-standing clients who have worked with us across multiple fund cycles, and from new investors from around the world. We believe this result reflects our differentiated investment approach and the growing recognition of infrastructure as an essential long-term asset class.”.
Joseph Bae and Scott Nuttall head KKR whose recent quarterly results beaten the market expectations thanks to a significant wave of divestments of shareholdings and growth in management fees (press release). In 2Q26, KKR raised fresh resources of 34 billion US Dollars for a total of assets under management of 796 billion US Dollars whilst infrastructure projects and, more generally, those linked to real assets have been the main inflows’ drivers.
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