KKR closes first Asia-Pacific infrastructure fund at US$3.9 billion as coronavirus boom in public spending brews

US investment group KKR & Co said it has closed its first US$3.9 billion fund focused on infrastructure investment across Asia-Pacific, a record size for the region.The fundraising comes at a pivotal time for the infrastructure sector as governments globally call for more spending on infrastructure, from bridges to power grids, to help kick-start economies subdued by the Covid-19 pandemic. Interest rates remain low, meaning financing is cheap.“The demand to develop or upgrade critical…

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