Cezary Podkul

The close quickly follows a first closing on $225m the firm achieved in the third quarter and puts it ahead of expectations for its year-end total.

The firm expects to raise another $275m for the fund by the end of the year and also picked up a $1.1bn separate account for Korea’s National Pension Service

The firm is expecting to raise another $275m for the fund by the end of the year and has also picked up a $1.1bn separate account for Korea’s National Pension Service, firm executives said during a conference call. A KKR executive today noted a ‘much improved fundraising environment’.

The pension disclosed that it has screened 77 investment proposals in 2010 for infrastructure, the most of any year since creating its inflation-linked investment programme in 2007.

The private equity firm and South Korea's $270bn National Pension Service have acquired the 23.44% stake in Colonial Pipeline being sold by energy giant Chevron.

The private equity firm and South Korea's $270bn National Pension Service have acquired the 23.44% stake in Colonial Pipeline being sold by energy giant Chevron. KKR indicated Colonial might be a good fit for its infrastructure portfolio.

The private equity placement agent recently added Michaela Sved, former head of investor relations for Macquarie Infrastructure Partners, to a growing team dedicated to the infrastructure asset class. But the team will focus on more than just fund placement, according to MVision CEO Mounir Guen.

Philip Alfieri has left Infrastructure Management Group to help Franklin Templeton select fund managers specialising in transportation, agriculture, water, energy and timber investments.

In a recent meeting, a San Diego pension offered a rare glimpse at internal rates of return and performances of two heavy-hitting infrastructure investors - Global Infrastructure Partners and Macquarie Infrastructure Partners.

The firm has been putting real estate, infrastructure and private equity capital to work more quickly, deploying $900m in the second quarter of this year, versus $100m in the first quarter.