KKR, GIP Team Up For $25B Indo-Pacific Infrastructure Investment

Zinger Key Points
  • KKR, GIP, and IP3 have formed a coalition to invest $25B in Indo-Pacific infrastructure, co-chaired by KKR and GIP.
  • The investment will target green data centers in Indonesia, renewable energy in the Philippines, and hybrid systems in India.

KKR & Co. Inc. KKR, in collaboration with Global Infrastructure Partners (GIP) and the Indo-Pacific Partnership for Prosperity (IP3), announced the formation of a new coalition to catalyze infrastructure investment in the emerging market partner economies of the Indo-Pacific Economic Framework (IPEF).

GIP and KKR will serve as co-chairs of this new initiative. The coalition estimates its members collectively have over $25 billion in capital available for deployment in Indo-Pacific emerging market infrastructure investments in the coming years.

The coalition aims to boost infrastructure investment and support IPEF economies in achieving their development, human capital, and sustainability goals.

David Talbot, Executive Director of IP3 said, “This coalition will play a vital role in increasing private infrastructure investment in Indo-Pacific emerging markets.”

“The coalition brings together IndoPacific investors, knowledge partners, governments, and development experts around the achievable mission of closing the investment gap in IPEF partner countries. IP3’s unmatched network of public, private and non-profit leaders is excited to help lead the formation of this investment accelerator.”

U.S. Commerce Secretary Gina Raimondo stated that the investment would encompass green data centers in Indonesia, renewable energy projects in the Philippines, smart meters, and hybrid renewable energy systems in India, reported Reuters.

Raimondo noted that the Indo-Pacific Economic Framework (IPEF) had identified over $23 billion in investment opportunities.

Also, Singapore’s trade ministry, which organized the forum, announced on Thursday that 69 “sustainable infrastructure” projects were identified as investment opportunities during an IPEF Investor Forum.

Joe Bae, Co-Chief Executive Officer, KKR and Co-Chairman of IP3 and the investor coalition, said, “As one of the largest infrastructure investors in Asia, we see tremendous long-term opportunities in the region’s infrastructure and look forward to collaborating with the coalition to increase the deployment of private capital in the Indo-Pacific region.”

Also Read: PropertyGuru Takeover On The Horizon? KKR And TPG Reportedly Explore Buyout

Investors can gain exposure to KKR stock via Northern Lights Fund Trust IV FMC Excelsior Focus Equity ETF FMCX and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF LBO.

Price Action: KKR shares are up 0.10% at $103.50 premarket at the last check Thursday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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