Infra principal leaves KKR’s London office

Asís Echániz, a principal in KKR’s European infrastructure team, has left KKR after nearly four years with the firm, Infrastructure Investor has learned.

After more than three years working in JPMorgan’s London office, Echániz joined KKR in September 2013 and was one of 11 principals on KKR’s infrastructure team in Europe. Echániz’s move was first reported by Financial News.

KKR declined to comment.

Echániz’s departure comes as KKR prepares to raise its third infrastructure fund, as Infrastructure Investor reported last month. The vehicle is expected to target around $5 billion and may be launched sometime this summer. The firm’s previous infrastructure fund, KKR Global Infrastructure Investors II, closed in July 2015 on $3.1 billion. That fundraise left KKR with $5.6 billion in infrastructure assets under management at the time.

KKR’s infrastructure arm targets assets with limited downside risk, focusing on investments in OECD countries. This week, KKR added Q-Park, a Netherlands-based car park operator, to its portfolio. Other investments in Europe include Spanish solar photovoltaic plant operator X-Elio and German fibre provider Deutsche Glasfaser.