KKR has announced the final closing of the KKR Global Infrastructure Investors IV at US$17 billion.

The fund is focused on pursuing global infrastructure investment opportunities with an emphasis on investments in OECD countries in North America and Western Europe. It intends to invest in sectors like digital communications, energy transition, transportation, water, waste, and industrial infrastructure.

The fund has a broad investment mandate across a number of infrastructure sectors and predominantly pursues assets with strong existing cash flows and attractive reinvestment opportunities for future growth. KKR will be investing US$1 billion of capital in the fund along with its investors.