KKR is reportedly planning to launch its first infrastructure fund focussed on Asia, targeting to raise between US$1.5 billion and US$2 billion.

This would be a departure from the firm’s existing strategy, as the fund would be the first to have a specific geographical focus for infrastructure investments. KKR's third Global Infrastructure Investors achieved a final close of US$7.4 billion in September this year.

It is thought that the Asia fund would continue the company’s broad investment mandate across infrastructure sectors, which includes but is not limited to: energy; transportation; water, wastewater and waste; social infrastructure; and communications infrastructure.

KKR has not officially commented on the reports, so the projected timeline of the launch is unknwon.