KKR seals three Asia infrastructure deals

Brookfield is committing $450m towards the deal, which includes industrial and logistics assets in Mumbai, Pune, Delhi NCR, Chennai and Kolkata.

The alternative investment giant tells FA that it wants to triple its real estate AUM across Apac, and is bullish on residential, commercial and AI-related assets.

India’s largest multispecialty hospital network by bed capacity opened more than 10% above its offer price. In another deal, KKR has acquired Hyderabad-based hospital chain Medicover Hospitals India, as the country’s private healthcare market grows.

The alternative asset manager is backing a South Korean motion-control technology provider at a reported valuation of $676m; Blackstone has also appointed former KKR executive Ami Momaya as its first dedicated infrastructure hire in Asia Pacific.

The PE firm says the fund, which has already invested in telecommunications' towers in the Philippines and roads in India, is the largest ever Apac pan-regional infrastructure fundraise.

The Korean insurer is increasing ownership of the specialty (re)insurer to 80.6%, while KKR and the Korea Investment Corporation will hold 12.1% and 7.3%, respectively.