Arkansas Teacher Retirement System (ARTS) has committed the investment of US$25 million in the Diversified Core Infrastructure Fund (DCIF), managed by KKR. The open-ended fund has already raised US$6.8 billion from its global investor base.
DCIF focuses on investments in established brownfield assets diversified by sector and geography in water, wastewater, electricity and natural gas distribution, digital infrastructure, renewable power, contracted transportation, and energy transition.
The fund has already invested EUR971 million (US$1.05 billion) to acquire 49% stake in Reintel, US$1 billion in Clearway Energy and US$755 million in Spark Infrastructure.