Latin America: KKR prepares first direct infrastructure investment in Chile

06 July 2018 - 12:00 am UTC

New York-based investment firm KKR hopes to make its first direct infrastructure investment in Chile “in the near future” KKR Global Institute director Neil Brown said in a letter to Chile’s minister of public works. 

According to a document on Chile’s lobbying law platform, on 14 June, executives from KKR including the KKR Global Institute’s chairman, former CIA director and retired US-General David Petraeus, met with the undersecretary for public works Lucas Palacios to discuss public policies and infrastructure programs.

Petraeus and Brown also met with Chile’s finance minister, Felipe Larraín, on 13 June, according to a separate document obtained by Inframation.

A source with knowledge of the meetings said KKR expressed interest in concessions and large infrastructure projects, including airports, ports and railways.

“Better understanding the government’s infrastructure agenda and Chile’s investing environment is particularly important for potential KKR investments,” Brown said in the letter.

KKR has approximately USD 176bn in assets under management in 16 countries and administers two infrastructure funds according to Inframation Deals. KKR has a global portfolio of investments in the water, renewable power, midstream, telecommunications, LNG, and other sectors.

KKR declined to comment. 

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