KKR has closed fundraising for their third infrastructure fund with commitment of $7.4bn from a diverse group of global investors and will look to invest in infra opportunities in North America and Western Europe. The success and popularity of infra as an asset class is indicated by KKR's recent fundraising eclipsing the amount raised in 2015 for their second infra fund at $3.1bn.
This sentiment was relayed by Raj Agarwal, Global Head of Infrastructure at KKR- “The current scale of global infrastructure investment demand is simply enormous, and is only growing, with the need outstripping capital available."