KKR’s India highway platform includes a portfolio of 12 highway belongings. This features a diversified mixture of toll and annuity roads, with a complete size of greater than 910 kilometers throughout 11 states. The platform possesses vital potential to scale, with plans in place to amass extra belongings sooner or later.
In July 2021, KKR had acquired World Infrastructure Companions’ (GIP) whole curiosity in Freeway Concessions One (HC1) and 7 freeway belongings with a complete size of 487 kilometers.
“We’re delighted to additional our investments in top quality Indian infrastructure and to collaborate with KKR on creating larger connectivity, and elevated alternatives, for the nation through an improved roads community,” mentioned Bruce Crane, Managing Director, Infrastructure, Asia-Pacific at Ontario Lecturers’ Pension Plan.
“Transportation kinds an essential a part of KKR’s infrastructure technique in India, the place the federal government is concentrated on bettering connectivity between cities and there’s sturdy demand to broaden the nation’s community,” mentioned Hardik Shah, Companion and Head of India Infrastructure at KKR.
The roads sector is a core space of focus for KKR’s infrastructure in India. This transaction follows KKR’s current infrastructure investments within the nation, together with its acquisition of Freeway Concessions One, Virescent Infrastructure and the organising of Virescent Renewable Vitality Belief, India’s first renewable power infrastructure belief (InvIT), and India Grid Belief (IndiGrid), a number one infrastructure funding belief, added the assertion.
For Ontario Lecturers’, the transaction marks its third infrastructure funding in India, following its funding of a 25% stake within the Nationwide Highways Infra Belief late final 12 months. Ontario Lecturers’ can be an anchor investor within the Nationwide Funding and Infrastructure Fund (NIIF).
In January this 12 months, KKR closed its $3.9 billion debut Asia Infrastructure Fund to spend money on belongings and firms that cater to infrastructure house throughout Asia Pacific.