Global alternative asset and private equity investor KKR announced today a series of new appointments to its Global Infrastructure team, including energy transition veterans Tim Short, Benoit Allehaut and Benjamin Droz. Short and Allehaut have been appointed as Managing Directors, and Droz as a Principal at the firm.
According to KKR, in their new roles, the new hires will focus on sourcing renewable energy and energy transition investments in North America.
The new appointments come KKR continues to increase its focus on the renewables and energy transition space. In November, the firm announced a series of renewable energy investment agreements worth $2 billion with energy provider NextEra, and it also recently launched Virescent Infrastructure, a new platform aiming to acquire, own and operate renewable assets in India. Over the last ten years, KKR has executed nearly $20 billion in investments in renewable assets with a power generation capacity of 12.5 GW.
Raj Agrawal, KKR Partner and Global Head of Infrastructure, said:
“KKR is committed to investing in the energy transition, an initiative only made possible by increasing renewable energy sources. We are eager to continue investing behind this effort and thrilled to add three experienced and talented executives to our team.”
Short, Allehaut and Droz join KKR from energy infrastructure-focused private asset management firm Capital Dynamics, where Short and Allehaut served as Managing Directors of the firm’s dedicated Clean Energy Infrastructure team, and Droz served as a Vice President. Short and Allehaut played instrumental roles in building and leading a vertically-integrated clean energy investment platform at the firm, executing approximately $14.5 billion in investments and building one of the largest private portfolios of solar energy generation in the U.S.
Brandon Freiman, KKR Partner and Head of North American Infrastructure, said:
“Tim, Benoit and Ben’s deep expertise and experience in renewables, storage and electrification will greatly contribute to our investments in support of a clean energy future.”
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