KKR Enhances Focus on Renewables Investing with Appointments to Global Infrastructure Team
April 12 2021 - 7:00AM
Business Wire
KKR, a leading global investment firm, today announced three
appointments to the firm’s Global Infrastructure team. Energy
transition industry veterans Tim Short and Benoit Allehaut joined
the firm as Managing Directors and Benjamin Droz as a Principal.
Based in New York, Messrs. Short, Allehaut and Droz will focus on
sourcing renewable energy and energy transition investments in
North America.
“KKR is committed to investing in the energy transition, an
initiative only made possible by increasing renewable energy
sources. We are eager to continue investing behind this effort and
thrilled to add three experienced and talented executives to our
team,” said Raj Agrawal, KKR Partner and Global Head of
Infrastructure.
Messrs. Short, Allehaut, and Droz join KKR from Capital
Dynamics, where Mr. Short and Mr. Allehaut served as Managing
Directors of the firm’s dedicated Clean Energy Infrastructure team,
and where Mr. Droz served as a Vice President. At Capital Dynamics,
Mr. Short and Mr. Allehaut played instrumental roles in building
and leading a vertically-integrated clean energy investment
platform, executing approximately $14.5 billion in investments and
building one of the largest private portfolios of solar energy
generation in the U.S.
“Tim, Benoit and Ben’s deep expertise and experience in
renewables, storage and electrification will greatly contribute to
our investments in support of a clean energy future,” said Brandon
Freiman, KKR Partner and Head of North American Infrastructure.
KKR has been an active investor in renewables investing over the
last ten years, executing approximately $19.5 billion in
investments in renewable assets with a power generation capacity of
12.5 GW. Over the past 12 months, KKR’s infrastructure team has
made a number of investments behind this theme globally, including
recent investments in or partnerships with Caruna, Finland’s
largest electricity distribution company, NextEra Energy, the
world’s largest generator of energy from the wind and sun,
Virescent Infrastructure, a newly created platform to acquire
renewable energy assets in India, and First Gen, one of the
Philippines’ largest independent power producers.
KKR first established its Global Infrastructure strategy in 2008
and has since been one of the most active infrastructure investors
around the world with a team of more than 50 dedicated investment
professionals. The firm currently manages over $27 billion in
infrastructure assets and has made over 40 infrastructure
investments across a range of sub-sectors and geographies.
About KKR
KKR is a leading global investment firm that offers alternative
asset management and capital markets and insurance solutions. KKR
aims to generate attractive investment returns by following a
patient and disciplined investment approach, employing world-class
people and supporting growth in its portfolio companies and
communities. KKR sponsors investment funds that invest in private
equity, credit and real assets and has strategic partners that
manage hedge funds. KKR’s insurance subsidiaries offer retirement,
life and reinsurance products under the management of The Global
Atlantic Financial Group. References to KKR’s investments may
include the activities of its sponsored funds and insurance
subsidiaries. For additional information about KKR & Co. Inc.
(NYSE: KKR), please visit KKR’s website at www.kkr.com and on
Twitter @KKR_Co.
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version on businesswire.com: https://www.businesswire.com/news/home/20210412005123/en/
Cara Major or Miles Radcliffe-Trenner media@kkr.com
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