KKR Infrastructure Fund

KIF

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Overview Strategy Performance Allocations Key terms Share classes FAQ

Overview

Legal Name:

KKR Infrastructure Fund SICAV SA

Manager:

Kohlberg Kravis Roberts (KKR)

Website:

https://www.kkr.com/

Fundraising Status:

Open

Domicile:

Luxembourg

Legal Form:

Lux FCP

Regulatory Regimes:

Lux UCI (Part II), EU AIF

Term:

Perpetual-Life

Base Currency:

USD

Launch Year:

2023

Inception Date:

Jun 1, 2023

Size:

$5.5B (as of Jan 31, 2026)

No. of Investments:

46 (as of Jan 31, 2026)

Administrator:

The Bank of New York Mellon SA/NV, acting through its Luxembourg Branch

Investor Eligibility Segments:

Institutional, Professional / Accredited, Retail

Permitted Distribution Countries:

European Economic Area (EEA), United Kingdom, Italy, Germany, Switzerland

Strategy

KIF seeks to invest primarily in private infrastructure businesses and assets globally, with emphasis on OECD markets across Europe, North America, the UK and Asia Pacific. The portfolio targets renewables, digital, industrial, transportation, social and energy infrastructure via direct and co‑investments alongside KKR infrastructure strategies, mainly in equity and equity-like positions, complemented by opportunistic credit and a liquid sleeve (up to ~15%) in public and private debt.

Asset Classes:

Infrastructure

Strategy:

Core (Infra), Core Plus (Infra)

Underlying Investment Type:

Direct investments, Secondaries, Primary Fund Commitments, Co-Investments

Geographic Focus Region:

Global

Geographic Focus:

Europe, North America, UK, Asia Pacific, Other, Americas, Asia

Sector Focus (GICS):

Diversified

Sector Focus (not standardized):

Renewables, Data Centers, Fiber, Industrial Infrastructure, Transportation, Telecom Towers, Social Infrastructure, Energy & Utilities, Midstream Infrastructure, Other

Other Focus:

ESG Investment Focus

Leverage Limits Summary:

Fund-level leverage ratio capped at 30% of total assets; cap excludes investment-level debt, guarantees and non‑recourse liabilities.

Investment Limits Summary:

No more than 20% of NAV in any single investment at acquisition; no remedial action if later exceeded.

Performance

for RA (USD) share class

Total Returns (% Net of Fees)

Net returns (since inception)	RA (USD)
Total Return	37.2%
Annualized Return	12.6%
Best Month	(Jun 2023)3.1%
Worst Month	(Oct 2023)-0.3%
Risk metrics (since inception)
Volatility	2.8%
Sharpe Ratio (4.3% risk-free)	2.91

Yearly returns (since inception)

Allocations

Geography allocation

Geography

as of Jan 31, 2026Include liquidity sleeve

Target

Geography

as of Jan 31, 2026

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Over time

Geography

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Sector allocation

Sector

as of Jan 31, 2026Include liquidity sleeve

Target

Sector

as of Jan 31, 2026

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Over time

Sector

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Key terms

for RA (USD) share class

Share Class

Minimum Subsribtion:

$25,000

Currency:

USD

Inception Date:

Jun 1, 2023

Distribution Type:

Accumulating

Investor Type:

Professional / Accredited

Liquidity

Gate:

5% of aggregate NAV across parallel entities per quarter.

Gate Level:

Aggregate NAV

Redemption Frequency:

Quarterly

Redemption Basis:

NAV per Unit as of the last calendar day of the quarter

Subscribtion Frequency:

Monthly

Subscribtion Basis:

NAV per Unit as of the end of the immediately preceding month

Fees

Management Fee:

1.00%

1.00% p.a. of NAV for 60 months following the 1 June 2023 Initial Subscription Date, then up to 1.25% p.a.

Management Fee Basis:

NAV

Management fees charged on gross assets:

Performance Fee:

12.50%

12.5% of Total Return; 5% annual IRR hurdle, 100% catch-up, annual crystallization with loss carryforward high-water mark, monthly accrual.

Performance Fee Basis:

Distributions, Change in aggregate NAV

Distributions plus change in KIF Aggregator NAV minus Fund Expenses, excluding Servicing Fee and FX/hedging impacts; annual Reference Period with loss carryforward.

Hurdle rate:

5.00%

5% annual Hurdle Amount on Total Return; subject to high water mark and Loss Carryforward; measured annually with monthly accrual and pro-rating for partial periods.

Catch-up:

100.00%

Above the 5% hurdle and Loss Carryforward until the manager receives 12.5% of the sum of the Hurdle Amount and catch-up; thereafter 12.5% of remaining Excess Profits.

Front load (subscription):

0.00%

Back load (redemption):

5.00%

If redeemed within 24 months.

Servicing fee:

0.00%

Management Fee:	1.00%	1.00% p.a. of NAV for 60 months following the 1 June 2023 Initial Subscription Date, then up to 1.25% p.a.
Management Fee Basis:	NAV
Management fees charged on gross assets:	No
Performance Fee:	12.50%	12.5% of Total Return; 5% annual IRR hurdle, 100% catch-up, annual crystallization with loss carryforward high-water mark, monthly accrual.
Performance Fee Basis:	Distributions, Change in aggregate NAV	Distributions plus change in KIF Aggregator NAV minus Fund Expenses, excluding Servicing Fee and FX/hedging impacts; annual Reference Period with loss carryforward.
Hurdle rate:	5.00%	5% annual Hurdle Amount on Total Return; subject to high water mark and Loss Carryforward; measured annually with monthly accrual and pro-rating for partial periods.
Catch-up:	100.00%	Above the 5% hurdle and Loss Carryforward until the manager receives 12.5% of the sum of the Hurdle Amount and catch-up; thereafter 12.5% of remaining Excess Profits.
Front load (subscription):	0.00%
Back load (redemption):	5.00%	If redeemed within 24 months.
Servicing fee:	0.00%

Share classes

Name	Min. Subscription	Currency	Inception	Distribution	Investor Type	ISIN	BBG Ticker
RA (USD)	25,000 USD	USD	2023-06-01	Accumulating	Professional / Accredited	-	-
Class B eg	250,000 EUR	EUR	15 Mar 2018	Accumulating	Institutional	LU1987654321	FUND B LX
Class C Example	500,000 USD	USD	01 Jun 2019	Distributing	Professional	IE0123456789	FUND C ID
Class D eg.	100,000 GBP	GBP	22 Sep 2020	Accumulating	Institutional	GB00ABCDEF12	FUND D LN
Class E Example	25,000 EUR	EUR	03 Jan 2021	Distributing	Retail	LU9988776655	FUND E LX
Class F Example	1,000,000 USD	USD	10 Nov 2017	Accumulating	Institutional	US1234567890	FUND F US

FAQ

What is KKR Infrastructure Fund?

KKR Infrastructure Fund is an evergreen Lux UCI fund focused on Infrastructure and managed by Kohlberg Kravis Roberts (KKR).

Who manages KKR Infrastructure Fund?

KKR Infrastructure Fund is managed by Kohlberg Kravis Roberts (KKR), based in New York, New York, United States.

How big is KKR Infrastructure Fund?

KKR Infrastructure Fund has a size of $5.5B.

What type of fund is KKR Infrastructure Fund?

KKR Infrastructure Fund is an open-ended / evergreen Lux UCI fund investing in infrastructure and domiciled in Luxembourg.

When was KKR Infrastructure Fund launched?

KKR Infrastructure Fund was launched on Jun 1, 2023 and is structured as a Lux FCP vehicle with a perpetual-life term.

Where is KKR Infrastructure Fund domiciled and regulated?

KKR Infrastructure Fund is domiciled in Luxembourg under Lux UCI (Part II) and EU AIF.

Data transparency

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