KKR closes record $19.2 billion infrastructure fund with data centers in the crosshairs

While crypto Twitter debates which AI token will 10x next, KKR just quietly raised $19.2 billion to buy the actual buildings where artificial intelligence lives. The firm closed KKR Global Infrastructure Investors V, its largest infrastructure fund ever, with a laser focus on data centers and the digital plumbing that powers them. The details behind KKR’s mega-raise The fund is targeting data centers, energy and power transition assets, and storage and logistics infrastructure, primarily across North America and Western Europe. KKR isn’t waiting around to deploy, either. More than $9 billion has already been committed across nine investments. Among the notable deals already locked in: Global Technical Realty in Europe and EDF Power Solutions in North America. Both sit squarely in the digital infrastructure lane that hyperscalers like Microsoft, Google, and Amazon are desperate to expand. Raj Agrawal, KKR’s global head for real assets, has pointed to booming demand from hyperscalers as the driving force. Quality digital infrastructure assets are being acquired at premium valuations, he noted, because the buyers building out AI capacity simply cannot afford to wait. KKR launched its ...