$$$ Going Into Cell Towers, Solar, Data Ctrs

WSJ headline: Money Pours Into Funds Targeting Solar Power, Cell Towers and Data Centers

Sub-headline: KKR, Brookfield and others raise $130 billion this year to invest in businesses that can withstand inflation

By Ben Dummett and Laura Cooper
Aug. 16, 2022 5:30 am ET


Infrastructure funds have raised about $130 billion this year, already outpacing the record of $125 billion set last year, according to Preqin, a data provider. Contributing to that total were a $17 billion fund raised by KKR, a $15 billion equivalent from Brookfield and a $14 billion fund from Stonepeak Partners LP.

Investors include state pension funds from Alaska and New York, as well as other institutions such as China Life Insurance Co. , according to the data provider and documentation from the pensions. Meanwhile Sweden’s EQT AB is aiming to raise the equivalent of $5.2 billion in a new infrastructure fund, touting inflation protection and low volatility as among the fund’s advantages. The fund will invest in core-infrastructure projects, such as utilities and telecom towers.


Pension funds and insurers have long been attracted to assets such as utilities, toll roads and ports, because their predictable income streams match up well with investors’ longer-term liabilities. While these investments typically offer lower returns than technology and other growth companies, they are usually well-equipped to pass through higher costs to customers. That is a big advantage in the current environment.