KKR to Expand Long-Term Ownership to Infrastructure, Real Assets

KKR & Co. is planning to expand its long-term ownership unit to include investments in infrastructure and real assets.

What the firm is trying to build at its Strategic Holdings arm “is in some ways a mini Berkshire Hathaway,” Co-Chief Executive Officer Joe Bae said Wednesday at the Bloomberg Invest conference in New York. KKR created the unit to hold 18 long-term private equity bets that pay out regular dividends.

“Over time, it’s going to include certain platforms, probably in infrastructure and real assets, maybe certain buildups that we’re going to do in different sectors,” Bae said.