Hipperson leaves KKR

KKR’s managing director of European infrastructure has resigned from his position. It is not yet known where he is going to next.

Simon Hipperson, managing director of European infrastructure at Kohlberg Kravis Roberts (KKR), has left the private equity outfit. It is now yet known where he is going to next.

KKR has not announced who will replace Hipperson, but a person close to the firm said that Jesús Olmos Clavijo, KKR’s European head of infrastructure, will be taking over Hipperson’s duties for the time being.

Hipperson joined KKR in September 2008, bringing with him more than 23 years of infrastructure investing experience. Prior to joining KKR, he was president and chief executive of Skanska Infrastructure Development from 2004 to 2008. He also served as executive vice president responsible for public-private partnerships at sister company Skanska UK from 2002 to 2004.

Before his six-year stint at Skanska, Hipperson was a managing director at UK service provider Amey and a managing director at Carillion Special Projects.

KKR has been on the market fundraising for its debut infrastructure fund, having held a second close on it at $515 million last December. The vehicle, known as KKR Global Infrastructure Investors, is said to be targeting a final close of at least $2 billion. But KKR partner Scott Nuttall said on a conference call last November that the firm does not have a target for the infrastructure fund.