Investment firm KKR has closed its Global Infrastructure Investors V fund, raising $19.2 billion.

The company manages around $120bn in infrastructure equity today, up from $13bn in 2019. The V fund has already committed more than $9bn, with investments in companies including Altitude III, EDF power solutions North America, Enilive, Sempra Infrastructure, and The Parking Spot.

The V fund has also invested in Italian digital network infrastructure operator FiberCop, US fiber-to-the-home builder Metronet, build-to-suit data center company Global Technical Realty, and MENA colocation company Gulf Data Hub.

KKR investment GTR – Global Technical Realty

“Demand for infrastructure investment across North America continues to accelerate as digitalization, electrification, and industrial growth reshape the economy,” said Brandon Freiman, head of North American Infrastructure at KKR.