KKR is looking at the agriculture and food business, the energy industry and infrastructure projects, Dominique Lafont, a senior advisor at KKR, told Reuters during a visit with a French business delegation to Nigeria.
“We want to use Nigeria as regional base and springboard for West Africa,” he said. “We are not limited to one sector.”
KKR had appointed Lafont in July to help expand its Africa business. The firm sponsors and manages private equity investment funds. A pioneer in the leveraged buyout industry, the firm has completed over $400 billion of private equity transactions since its inception. The firm has said it will will continue to make investments in the energy supply chain, water systems, roads, railways, airports and communications networks.KKR & Co. raised $3.1 billion to invest in infrastructure after backing projects such as a New Jersey wastewater system and renewable energy developments.The fund primarily invest in renewable energy, pipelines, utilities and transportation-related assets as investors increasingly look for assets that provide steady cash flows and a hedge against inflation. Non-bank sources of money are also becoming more important in financing projects as banks adapt to heightened capital standards and governments seek to repair their balance sheets.
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