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KKR Launches Helix Digital Infrastructure, a New Company to Finance and Deliver the Next Generation of AI Infrastructure

KKR

Helix launches with over $10 billion of committed capital to accelerate the deployment of data centers, power and connectivity required to meet growing demand for AI

Kuwait Investment Authority, NVIDIA and Vistra join KKR as founding investors; NVIDIA to serve as a cornerstone strategic partner, Vistra as the preferred power partner to Helix

Former Amazon Web Services CEO Adam Selipsky leads new company

NEW YORK–(BUSINESS WIRE)– KKR, together with the Kuwait Investment Authority (KIA), NVIDIA (NASDAQ: NVDA) and Vistra (NYSE: VST) today announced the launch of Helix Digital Infrastructure (“Helix”), a new company designed to deliver integrated infrastructure at the speed and scale required for hyperscalers to meet accelerating artificial intelligence (AI) demand. As building AI infrastructure becomes increasingly complex, Helix will serve as a single coordination point for hyperscalers’ data centers, power, connectivity and related needs.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260610500794/en/

Founded with anchor investments from investors including KKR, KIA, NVIDIA and Vistra, the Helix strategy has more than $10 billion in total long-duration capital commitments to date. NVIDIA will also serve as a strategic partner to support the deployment of NVIDIA DSX AI factory-aligned infrastructure with a view to maximizing tokens per watt, achieving lowest total cost of ownership and accelerating time to first token for investments pursued by Helix. Vistra, a leading integrated power generation and electricity company with operations across 18 states and Washington, D.C., will be the preferred power provider for Helix investments. Following the closing of the founding commitments, Helix is open to additional eligible institutional investors.

AI is driving the largest infrastructure buildout in modern history, requiring trillions of dollars in investment across data centers, power generation and transmission, connectivity and related infrastructure over the coming decade. The scale and complexity of financing and coordinating this buildout represents a key industry bottleneck, ultimately slowing hyperscalers from delivering the models, services and applications their customers demand. Delivering AI infrastructure requires credible, long-term financial underwriters capable of committing capital consistently. Hyperscalers are also seeking more integrated and repeatable infrastructure solutions that meaningfully reduce the complexity they face in building at unprecedented scale.

KKR launched Helix in response to these challenges. Helix will be positioned as a single, trusted strategic partner to hyperscalers, armed with a long-duration, multi-billion-dollar capital base, and with integrated development capabilities and coordinated execution across AI infrastructure. The company is led by Adam Selipsky, former CEO of Amazon Web Services, who brings first-hand experience scaling the world’s largest cloud business, and deep insight into hyperscaler infrastructure priorities. He is joined by a dedicated management team and Board. Waldemar Szlezak, KKR’s Global Head of Digital Infrastructure, will serve as Helix’s Chief Investment Officer. Helix will seek to invest in and manage assets critical to enabling AI, including hyperscale data center development and operations; baseload and flexible power generation; transmission and distribution infrastructure; and fiber and connectivity infrastructure, among other assets.

“Large users of digital infrastructure have an urgent need to reduce complexity and unlock new capacity. Helix combines significant long-term capital with the capabilities and expertise to deliver holistic AI infrastructure solutions with speed and scale,” said Adam Selipsky, Co-Founder and CEO of Helix Digital Infrastructure. “Helix is further strengthened by strategic partnerships with NVIDIA and Vistra across technology and power, which we believe will enable the company to deliver the infrastructure that will underpin hyperscalers’ AI strategies for years to come.”

“We view AI infrastructure as one of the defining long-term investment opportunities globally, and Helix is purpose-built to address it,” said Sheikh Saoud Salem Abdulaziz Al-Sabah, Managing Director of the Kuwait Investment Authority. “Helix reflects a differentiated model that combines proven leadership, integrated capabilities and long-term capital required to deliver the next generation of critical digital infrastructure at scale.”

“Useful AI has arrived, and demand for AI factories is extraordinary,” said Jensen Huang, founder and CEO of NVIDIA. “AI is driving the largest infrastructure buildout in modern history. With the NVIDIA DSX platform and the Helix strategic partnership, we are bringing together a proven AI factory blueprint, world-class infrastructure expertise from KKR, and long-term capital to help AI cloud providers build the next generation of intelligence infrastructure.”

“Power generation and grid interconnections are critical gating factors for AI infrastructure deployments,” said Jim Burke, president and CEO of Vistra. “Helix brings together data center development, infrastructure and power capabilities under a single umbrella, providing a one-stop shop for large load customers. By utilizing Vistra’s existing fleet to deliver near-term power, Helix will accelerate delivery of power solutions through the use of existing assets while also bringing additionality with Vistra’s best-in-class capabilities, including power generation development and power grid expertise. Vistra has a proven track record in executing more than 5,000 megawatts of power purchase agreements with hyperscalers and looks forward to leveraging our leading and diverse generation fleet and operational expertise as Helix’s preferred power partner to help deliver the reliable, affordable energy these customers require.”

“Like a DNA helix, Helix Digital Infrastructure is built on a double strand of complementary strengths—KKR’s institutional capital and infrastructure expertise intertwined with Helix’s hyperscaler leadership and execution engine. Together, with our strategic partners, we are positioned to meet the financial and operational demands of the AI era,” said Joe Bae and Scott Nuttall, Co-Chief Executive Officers, KKR.

Helix is supported by KKR’s leading global infrastructure platform, which includes over $100 billion in infrastructure assets under management and more than $70 billion invested across digital and power assets. KKR’s experience across data centers, renewable and conventional power generation and transmission, fiber and related sectors provides the foundation for Helix’s integrated model. KKR’s anchor investment in the Helix strategy is funded through its balance sheet and other managed vehicles.

About Helix Digital Infrastructure
Helix Digital Infrastructure is a dedicated company focused on investing in, delivering and managing the next generation of AI-enabling infrastructure. Founded with anchor investors including KKR, the Kuwait Investment Authority, NVIDIA and Vistra, the company has access to a long-duration, multi-billion-dollar pool of capital. Supported by KKR’s leading global infrastructure platform, Helix is designed to deliver integrated solutions across hyperscale data centers, power generation and transmission, fiber, connectivity and related infrastructure. Helix is led by Adam Selipsky, former CEO of Amazon Web Services, and a management team with extensive experience across cloud, digital infrastructure and energy systems. For more information about Helix, please visit www.helixdi.com.

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About the Kuwait Investment Authority
The Kuwait Investment Authority (KIA) is the world’s oldest sovereign wealth fund, established in 1953. The KIA’s main functions include managing the State’s General Reserve and Future Generations Fund. Stemming from this rich history, the KIA continues to safeguard the financial wealth of Kuwait’s current and future generations by diversifying revenue streams and ensuring a fiscally sustainable and secure future.

About Vistra
Vistra (NYSE: VST) is a leading, Fortune 500 integrated retail electricity and power generation company based in Irving, Texas. The company serves 5 million retail customers and operates a growing portfolio of generation assets expected to reach a capacity of nearly 50,000 megawatts by year-end 2026. Vistra is a leader in transforming the energy landscape, with an unyielding focus on reliability, affordability, and sustainability. The company safely operates a reliable, efficient power generation fleet of natural gas, nuclear, coal, solar, and battery energy storage facilities while taking an innovative, customer-centric approach to its retail business. Learn more at https://www.vistracorp.com.

Notice to Readers
This press release contains forward-looking statements, which reflect our current views with respect to, among other things, the operations of Helix. Readers can identify these forward-looking statements by the use of words such as “outlook,” “believe,” “expect,” “potential,” “continue,” “may,” “should,” “seek,” “approximately,” “predict,” “intend,” “will,” “plan,” “estimate,” “anticipate” or the negative version of these words or other comparable words. Forward-looking statements are subject to various risks and uncertainties. These forward-looking statements are based on KKR’s beliefs, assumptions and expectations, but these beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or within its control.

Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

General discussions contained within this press release regarding investment demand or market trends represent the view of either the source cited or KKR. Historical or current market trends are not reliable indicators of actual future market behavior or future performance of any particular investment that may differ materially, and should not be relied upon as such. Nothing contained herein is intended to predict the performance of any investment.

KIA, NVIDIA and Vistra are investors in Helix and accordingly will participate in returns generated by Helix. These and other investors will serve as strategic partners and may have certain rights, such as priority or first look rights, to provide goods or services to Helix investments.

Media Contact
Liidia Liuksila
Media@KKR.com

Source: KKR & Co. Inc.

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Ardian and Verne announce digital infrastructure hub in Île-de-France to support European industrial capabilities at Choose France

Ardian

New campus with target capacity of 500 MW to accelerate development of Europe’s large-scale sovereign computing and AI capabilities representing an investment of up to €5bn
• Ardian and Verne combine investment capabilities, expertise in strategic infrastructure, and recognized know-how in low-carbon computing power to develop a leading European campus
• In close collaboration with local stakeholders the hub has been designed as a unique hub gathering an ecosystem of leading industrial, energy, technology, and academic partners fostering strategic infrastructure for European digital and industrial sovereignty

Ardian, a global private investment firm, and its portfolio company Verne, a leading European platform in low-carbon and high-performance computing infrastructure, announce at the Choose France conference their plans to develop a next-generation digital infrastructure campus in the Île-de-France region.

AI hub to support European sovereignty
Designed as a unique visionary campus, the project aims to provide France and Europe more widely with low-carbon industrial computing resources to support the growth of artificial intelligence.
The large-scale platform, located within one of France’s largest industrial hubs, will house a data center dedicated to notably high-performance computing (HPC), AI model training, and advanced industrial applications. The project represents an investment of up to EUR 5 billion, with a target capacity of 500 MW including an initial phase of approximately 200+ MW by 2030.
The hub will rely on France’s high-capacity energy infrastructure, powered by low-carbon electricity in close collaboration with RTE and the EDF Group.
The hub will be part of the sites supporting the AION consortium’s bid for a French Gigafactory as part of the European Union’s AI Gigafactories initiative.

French campus at the heart of a leading industrial ecosystem
The hub will cover the entire AI value chain, from computing power to industrial applications such as research, healthcare, finance, and energy. Verne will draw on its experience in low-carbon data centers in Northern Europe to design and operate a high-performance platform tailored to the most demanding environmental requirements.
The site will be developed in close collaboration with government agencies, the region, local public entities, and major French industrial and financial groups, including the Bouygues Group and Crédit Agricole. The platform also aims to secure major technological, industrial, and academic partners as part of its rollout phase.
Ardian and Verne intend to build an ecosystem that brings together infrastructure operators, energy companies, digital technology firms, research centers, and higher education institutions to develop expertise and accelerate innovation in AI. Hundreds of direct and indirect jobs will be created across the entire value chain, from construction to operations.

Ardian’s integrated infrastructure strategy in action
Ardian’s infrastructure strategy invests in verticals that form the backbone of Europe’s economy, including digital infrastructure, energy and transport.
A dual commitment to digital and energy infrastructure underscores Ardian’s vision that the sustainable scaling of high-performance computing can only be achieved through a coordinated and global approach that aligns growth in computing demand with clean and reliable energy generation at scale. Through other Ardian controlled French platforms in its portfolio, including Akuo (a global renewable energy player) and GreenYellow (a French pioneer in decentralized renewable energy and energy efficiency solutions), Ardian is separately investing up to €3 billion in new French energy infrastructure, representing 2.5 GW of renewable energy capacity in the grid by 2030.

“Ardian’s strategy of investing in both essential digital and energy infrastructure is aligned with the European needs to strengthen its strategic capabilities and accelerate its progress toward digital sovereignty. It perfectly demonstrates Ardian visionary approach by committing simultaneously €3bn in new renewable energy investment in France representing the same baseload consumption of new digital infrastructure development. By bringing together our industrial and financial knowledge with an ecosystem of leading French industrial partners, our ambition is to build a benchmark platform in the Île-de-France region gathering digital, industrial and research serving Europe.” Mathias Burghardt, Executive President of Ardian and CEO of Ardian France

“This project marks a strategic milestone in Verne’s development as a leading European platform for digital infrastructure dedicated to artificial intelligence and high-performance computing. It illustrates our ambition to establish infrastructure in France capable of meeting the needs of major European industrial and technology players. We are building competitive and sustainable European AI backbone of our economy.” Dominic Ward and Roland Chedvili, CEO of Verne and Managing Director of Verne France

About Ardian

In a world of constant evolution, Ardian stands out for its ability to anticipate, adapt, and turn challenges into opportunities. As a global, diversified private markets firm with 22 offices and more than 350 investment professionals worldwide, we provide investment and customized solutions that reflect new economic dynamics and help our clients remain resilient in a changing world.
We deliver multi-local expertise and long-term performance for our investors and partners as well as shared value for the broader society. Since Ardian’s inception in 1996, our pioneering approach to diversification and our ability to offer tailor-made solutions at scale have remained the heart of our strategy.
Through commitment, knowledge and technology, we bring lasting value to our companies and contribute positively to the whole industry.
Ardian currently manages or advises $200bn for more than 1,920 clients worldwide across Private Equity, Real Assets, and Credit.
Ardian. Mastering change for lasting value.

ardian.com

About Verne

Verne is a leading Nordic provider of low-carbon, high-density data centers with environmental responsibility at its core. Verne designs, develops and operates scalable digital infrastructure in optimal locations, supporting the AI journey for hyperscalers, neoclouds and enterprises. Backed by Ardian since 2024, a leading global diversified private markets firm, Verne is accelerating its expansion throughout the Nordics and Northern Europe.

verne.co

Press contact

Ardian

HEADLAND CONSULTANCY

ardian@headlandconsultancy.com

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BIG Fiber Secures $250 Million Financing Led by Stonepeak Credit and La Caisse to Accelerate Digital Infrastructure Expansion

LaCaisse
Investment Fuels Expansion, Boosting Total Assets to over 800 Route Miles

BIG Fiber, a leading provider of high-capacity dark fiber infrastructure, announced the closing of a $250 million debt facility with an additional $100 million accordion feature. The financing, led by Stonepeak Credit and La Caisse (formerly CDPQ), provides BIG Fiber with significant capital to accelerate the expansion of its core markets and reinforce its position as the premier provider of mission-critical digital infrastructure in the U.S.

The new credit facility follows BIG Fiber’s 2024 milestone, the first-ever green loan in the dark fiber sector, and marks a significant scaling of the company’s financial capacity. Backed by sponsors Columbia Capital and SDC Capital Partners, the expansion of BIG Fiber’s debt facility and the infusion of new capital ensure the company remains well-positioned to meet the escalating infrastructure demands of the AI era.

Proceeds of the facility will be used to refinance existing debt, provide new capital and facilitate the necessary headroom for major network expansions already underway. This includes a significant multi-market buildout in Greater Atlanta, adding over 205 route miles and 165,000 fiber miles to BIG Fiber’s existing market-leading footprint.

“Our partnership with Stonepeak Credit and La Caisse marks a pivotal moment in our mission to empower our customers with highly-scalable and purpose-built dark fiber solutions,” said Bruce Garrison, CEO of BIG Fiber. “This financing ensures we have the scale to stay ahead of the escalating demand for modernized infrastructure enabling the AI ecosystem and the necessary digital highways for decades to come.”

“BIG Fiber’s infrastructure delivers critical bandwidth to meet the insatiable demand for both data and compute capacity across its key markets,” said Arun Varanasi, Managing Director at Stonepeak Credit. “We are proud to partner with Columbia Capital, SDC Capital Partners, and La Caisse to support the Company’s next leg of growth as it positions itself as one of the preeminent dark fiber operators in the country.”

“BIG Fiber is well positioned to meet the growing connectivity needs of enterprises and data centers seeking new, high quality infrastructure options,” said Jérôme Marquis, Managing Director and Head of Private Credit at La Caisse. “Its resilient business model, underpinned by long term contracts and strong structural demand, positions the company well for growth. Together with Stonepeak Credit, we’re providing a tailored financing solution that supports the continued build out of essential digital infrastructure.”

The latest expansion will bring BIG Fiber’s Atlanta and San Francisco Bay Area network capacity to 850 route miles and over 3 million fiber miles. Projects are currently under construction or contract, with phased Ready for Service (RFS) dates expected in early 2027.

About BIG Fiber

BIG Fiber is a metro dark fiber provider that offers high capacity, strategically placed, dark fiber networks to mission critical data centers, Hyperscalers and enterprises throughout the San Francisco Bay Area, Greater Portland and Greater Atlanta areas. BIG Fiber’s 100% underground network meets critical data needs for enterprises and data centers that require new, quality infrastructure options. BIG Fiber’s San Francisco Bay Area network offers more than 320 route miles and 65 data centers. The Greater Portland network has more than 20 route miles and 15 data centers, and the Greater Atlanta network has more than 550 route miles and 30 data centers. BIG Fiber was founded in 2019 and is headquartered in Sunnyvale, California. Visit www.bigfiber.com to learn more.

About Stonepeak Credit

Stonepeak Credit is the credit investing arm of Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets with approximately $88 billion of assets under management. Stonepeak Credit targets credit investments across the transportation and logistics, energy and energy transition, digital infrastructure, and social infrastructure sectors that provide essential services with downside protection, high barriers to entry and visible, recurring revenue generation. It seeks to provide capital solutions that are flexible across the capital structure while generating cash yield through majority senior secured credit investments.

Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

About La Caisse

For more than 60 years, La Caisse has invested with a dual mandate: generate optimal long-term returns for its 48 depositors, who represent over six million Quebecers, while contributing to Québec’s economic development.

As a global investment group, La Caisse is active in major financial markets, private equity, infrastructure, real estate and private credit. As at December 31, 2025, its net assets totalled CAD 517 billion. Learn more at LaCaisse.com, LinkedIn or Instagram.

La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries.

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La Caisse and Grupo Energía Bogotá to establish Brazil’s 5th largest power transmission platform

LaCaisse
The partners will co-control the joint venture on a 50/50 basis under the Verene name

Global investment group La Caisse, and Grupo Energía Bogotá (“GEB”), a leading Latin American energy infrastructure group, today announced that they have entered into a final agreement to create a jointly controlled, 50/50 power transmission platform in Brazil, bringing together their respective transmission assets in the country under a single joint venture which will retain the name Verene Energia S.A. (“Verene”).

The combined platform will comprise 26 electric transmission concession agreements, more than 9,000 km of transmission lines, and over 400 employees, with operations spanning 17 Brazilian states. With this scale, Verene will rank among the top five power transmission players in Brazil.

Verene will continue to operate as the reference platform for the combined portfolio and will be positioned to pursue disciplined growth opportunities in Brazil’s transmission market, including the optimization and expansion of existing networks and potential acquisitions, in line with Brazil’s broader grid modernization and decarbonization objectives.

Juan Ricardo Ortega, President at GEB, said:
“Our partnership with La Caisse marks a significant milestone in our long-term strategy for Brazil. By combining our operational expertise and regional market knowledge with the financial strength and global perspective of our partner, we are creating a platform positioned to accelerate growth, expand transmission energy infrastructure, and support Brazil’s energy transition. We believe this alliance will generate sustainable value for our stakeholders and contribute to Brazil’s economic and energy development.”

Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure and Sustainability at La Caisse, said:
“By bringing together highly complementary assets under one banner, the partnership establishes Verene as a scaled, business-driven platform with strong financial backing. GEB brings more than 130 years of operating heritage and ranks among Latin America’s leading energy infrastructure groups, with deep expertise across the region’s transmission sector. Together, we share a vision to strengthen Verene’s footprint in Brazil through value-creating acquisitions and continued support for the country’s energy transition.”

Financial close is expected by Q4 2026, subject to customary closing conditions and relevant consents and approval.

La Caisse was advised by BTG Pactual as financial advisor and Pinheiro Neto Advogados as legal advisor. GEB was advised by Citibank as financial advisor and Mayer Brown as legal advisor.

ABOUT GRUPO ENERGÍA BOGOTÁ

For more than 130 years, Grupo Energía Bogotá has contributed to the development of Latin America’s energy sector through the operation, development and investment in electricity and natural gas infrastructure. Headquartered in Bogotá, the company operates across Colombia, Peru, Brazil and Guatemala, with a diversified portfolio of electricity generation, transmission and distribution and gas transportation and distribution investments.

As a leading Latin American energy group, Grupo Energía Bogotá combines strong corporate governance, operational excellence and a long-term sustainability strategy to improve lives through competitive and reliable energy services. The company is listed on the Colombian Stock Exchange and continues to play a key role in the region’s energy transition and infrastructure growth. Learn more at Grupo Energía Bogotá and LinkedIn.

ABOUT LA CAISSE

For more than 60 years, La Caisse has invested with a dual mandate: generate optimal long-term returns for its 48 depositors, who represent over six million Quebecers, while contributing to Québec’s economic development.

As a global investment group, La Caisse is active in major financial markets, private equity, infrastructure, real estate and private credit. As at December 31, 2025, its net assets totalled CAD 517 billion. Learn more at lacaisse.com, LinkedIn or Instagram.

La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries.

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For more information

  • OLGA ACOSTA
    Gerente – Comunicaciones Corporativas GEB
    + 57 1 326 8000
    Oacosta@geb.com.co

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CarbonCount Holdings 1 LLC to Issue $508 Million of 20-Year Fixed Rate Senior Unsecured Notes

KKR

ANNAPOLIS, Md. & NEW YORK–(BUSINESS WIRE)–HA Sustainable Infrastructure Capital, Inc. (“HASI”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, and KKR, a leading global investment firm, today announced that CarbonCount Holdings 1 LLC (“CCH1”), a co-investment vehicle between HASI and KKR, has issued $508 million in aggregate principal amount of senior unsecured notes (the “Notes”) in a private offering. The fixed-rate amortizing notes will have a 20-year final maturity. The Notes were priced at a weighted average coupon of 6.29%. These Notes represent the second issuance of senior notes by CCH1, following its inaugural issuance in June 2025, which priced at a weighted-average coupon of 6.76%.

“We are excited to further expand the investment capacity of CCH1 to support the strong growth in investment activity we are experiencing and continue to enhance our capital efficiency,” said HASI Senior Managing Director of Syndications Dan McMahon. “Moreover, five new institutional investors participated in the offering, and spreads improved by more than 30 basis points, compared to the first issuance last year, reflecting how the quality of our underlying assets is translating into a lower cost of capital.”

“The strong investor reception of CCH1’s second issuance reflects the quality and diversity of the underlying asset base,” said Cecilio Velasco, Managing Director, KKR. “With more than $4 billion of investment capacity at CCH1, we are well-positioned to continue collaborating with HASI to deliver sustainable, reliable, and affordable energy infrastructure to meet the significant demand we see across the U.S.”

After deducting the estimated offering expenses, the net proceeds from the offering of the Notes are expected to be approximately $503 million. CCH1 intends to utilize the net proceeds to acquire, or invest in, new and/or existing sustainable infrastructure projects, in whole or in part.

Formed in May 2024 as a strategic partnership between HASI and KKR to invest in clean energy projects across the United States, CCH1 was established with an initial capital commitment of up to $2 billion over an 18-month period, and in December 2025, HASI and KKR each agreed to upsize their combined commitment to $3 billion, with each party committing an additional $500 million, and extend the investment period to the earlier of the end of 2027 or when all commitments have been utilized. With this transaction, CCH1’s investment capacity has been increased to more than $4 billion, and both parties continue to expect total investment capacity to reach nearly $5 billion based on the existing leverage targets.

Morgan Stanley and HASI Securities served as Joint Lead Placement Agents on the transaction.

The Notes were offered only to persons reasonably believed to be institutional accredited investors as defined in Rule 501(a)(1), (2), (3), (7), or (9) under the Securities Act of 1933 (the “Securities Act”) that are also “qualified purchasers” within the meaning of Section (2)(a)(51)(A) of the Investment Company Act of 1940. The Notes have not been, and are not required to be, registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an applicable exemption from the registration requirements of the Securities Act or any state securities laws.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About HASI

HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $16 billion in managed assets, our investments are diversified across multiple asset classes, including utility-scale solar, storage, and onshore wind; distributed solar and storage; RNG; and energy efficiency. We combine deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. HA Sustainable Infrastructure Capital, Inc. is listed on the New York Stock Exchange (Ticker: HASI). For more information, please visit hasi.com.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Forward-Looking Statements

Some of the information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,” “target,” or similar expressions are intended to identify such forward-looking statements. Statements regarding the issuance of the Notes and the timing and expected use of proceeds from the Notes, as well as statements regarding the potential impact of the issuance on CCH1 and its financial position, investment capacity, and strategy, are forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption “Risk Factors” included in each of the companies’ Annual Reports on Form 10-K (and, for HASI, as supplemented by its Form 10-K/A) for the companies’ fiscal years ended December 31, 2025, which were filed with the U.S. Securities and Exchange Commission (“SEC”), as well as in other reports that the companies file with the SEC.

Forward-looking statements are based on beliefs, assumptions, and expectations as of the date of this press release. HASI, KKR, and CCH1 disclaim any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events, or circumstances after the date of this press release.

 

Contacts

For HASI:
Aaron Chew
investors@hasi.com
410-571-6189

Kenny Gayles
media@hasi.com
443-321-5756

For KKR:
Liidia Liuksila
media@KKR.com
+1 (212) 750-8300

 

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CapMan Infra sells its stake in Finland’s leading fiber-to-the-home company Valokuitunen to Brookfield Infrastructure Structured Solutions and Telia

Capman

CapMan Infra sells its stake in Finland’s leading fiber-to-the-home company Valokuitunen to Brookfield Infrastructure Structured Solutions and Telia

CapMan Infra has entered into an agreement to sell its 60 percent stake in Valokuitunen Oy, Finland’s largest independent fiber-to-the-home (“FTTH”) network company, to Brookfield Infrastructure Structured Solutions and Telia, who together will assume full ownership of the business.

CapMan Nordic Infrastructure I (“CMNI I”) established Valokuitunen with Telia in April 2020 to accelerate the roll-out of high-quality FTTH connectivity in Finland. Since then, Valokuitunen has expanded rapidly to become the leading passive FTTH networks builder and owner in the country, enabling reliable high-speed fiber access to households nationwide. The business operates an open-access network model which today offers services via multiple service providers and continues to expand its coverage of over 400 000 households across Finland.

During CapMan Infra’s ownership, Valokuitunen has made significant progress in strengthening its operational capabilities through industry-leading construction and sales agreements, improving customer experience by building a high-quality open access platform, and creating a nationwide FTTH network supported by a market-leading brand. These actions have supported strong financial performance and positioned the company as a key enabler of Finland’s long‑term digital infrastructure development.

“Valokuitunen has successfully grown into Finland’s leading fiber‑to‑the‑home infrastructure platform,” says Harri Halonen, Partner at CapMan Infra. “Together with Telia and Valokuitunen’s management team, we have built a strong organisation, with industry-leading commercial and operational capabilities, and significantly expanded the network to both create and meet increasing fiber demand across the country. We are extremely grateful for the great cooperation with Telia and the management team. Under Brookfield and Telia’s ownership, the company is exceptionally well positioned for its next phase of growth.”

“CapMan Infra, together with Telia, built a strong foundation for Valokuitunen, enabling the company to grow and rise to become the market leader in Finland’s FTTH sector,” says Heikki Kaunisto, Valokuitunen’s CEO. “This transaction demonstrates that CapMan’s clear vision of the opportunities in the Finnish fiber market, along with the strategic partnership built with Telia, was key to success.”

“Starting with just 20,000 households, Valokuitunen has built both a nationwide fiber network and a market-leading position in only a few years,” says Patrik Hofbauer, Telia Company’s President and CEO. “Increasing Telia’s ownership is in line with our strategy to invest in our core, and shows our long-term commitment to taking Finland’s world-class digital infrastructure to the next level. We look forward to working with Brookfield, whom we know well from our successful Telia Towers partnership, and Valokuitunen’s dedicated management team to realise our high ambitions.”

The transaction is expected to close during the second quarter of 2026.

For more information:

Harri Halonen, Partner, CapMan Infra, +46 768 710 062

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.2 billion euros in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, real asset debt, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com.

About Telia

Telia Company (STO: TELIA) is a leading telecommunications operator in the Nordic and Baltic regions. Every day, we deliver world-class connectivity and communications services to millions of customers through our sustainable and secure networks – enabling people, businesses and societies to thrive and grow. Our unique position at the center of digitalization shapes our ambition to be a trusted and progressive partner and gives us our purpose: to reinvent better connected living. Find out more at www.teliacompany.com.

About Brookfield

Brookfield Asset Management Ltd. (NYSE: BAM, TSX, BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, renewable power and transition, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world –  including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles. For more information, please visit our website at www.brookfield.com. 

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CapMan Natural Capital completes divestment of Baltic forest portfolio to Inter IKEA and continues with new European Forest Fund IV

CapMan Natural Capital completes divestment of Baltic forest portfolio to Inter IKEA and continues with new European Forest Fund IV

CapMan Natural Capital has completed the sale of approximately 24,000 hectares of forest assets in Latvia and Lithuania from Dasos Timberland Fund II to Inter IKEA Group following the transaction announced on 3 December.

The divested assets have undergone more than a decade of active and sustainability‑driven forest management. During the ownership period, CapMan Natural Capital implemented operational improvements, secured FSC® certifications across the portfolio and enhanced commercial value through long-term wood supply agreements and opportunities related to renewable energy.

“We are pleased that the process with Inter IKEA Group was smooth, professional and concluded quickly,” says Sami Veijalainen, Partner at CapMan Natural Capital. “Following the successful execution of the assets’ value creation strategies, we are happy to return funds to our investors in line with the Fund’s target returns.”

As CapMan Natural Capital exits these assets, the team continues in the Baltic region through its fourth main fund, the CapMan Dasos European Forest Fund IV, which held its first close in December. The close of the Inter IKEA Group transaction coincides with the beginning of a new investment cycle for the team, allowing CapMan Natural Capital to continue its long-term strategic presence in Latvia and Lithuania and maintain its role as a major independent forest owner in Europe.

“With Dasos Fund IV now launched, we are well positioned to continue our work in these regions,” says Jyri Hietala, Managing Partner at CapMan Natural Capital. “The close of the previous fund’s assets supports the natural progression into a new investment cycle, where we aim to deploy capital in high-quality forests that offer both long-term value creation and tangible natural capital outcomes.”

For more information, please contact:

Sami Veijalainen, Partner, CapMan Natural Capital, +358 40 516 5794

About CapMan Natural Capital

CapMan Natural Capital is a specialist natural capital asset manager focused on sustainable forestry investments across Europe. The team acquires and actively manages forest and land assets with the objective of delivering long-term risk-adjusted returns alongside measurable environmental outcomes, including climate change mitigation and biodiversity enhancement. CapMan Natural Capital is part of CapMan Plc, formed after acquisition of Dasos Capital in 2024.

CapMan Natural Capital manages approximately 215,000 hectares of land across eight EU countries with a market value of 1.5 billion euros, reinforcing its position as one of Europe’s leading independent forest asset managers. The investment team has established a total of 8 forest investment funds and co-investment vehicles since 2009. CapMan Dasos European Forest Fund IV represents the next phase of growth for the platform, scaling proven strategies across a broader asset base.

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.2 billion euros in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, real asset debt, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com.

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Ratos divests Expin Group as part of its streamlining

Ratos

Ratos has entered into agreements to divest Elektrosignal Infra and Ratatek, focusing on electrification and signal and telecommunication systems within rail infrastructure in Sweden and Finland, to Baneservice, Norway’s leading railway contractor. Through these transactions, in all material aspects, the operational business of Expin Group is divested.

The divestment pertains to the operational business of Expin Group, of which Ratos ultimately owns 94 percent of the shares.

“With today’s announcement, we take another important step in the continued streamlining of Ratos, strengthening our focus on long-term value creation. I am pleased that Expin Group will be backed by Baneservice, a reputable and committed owner, as the company continues its journey,” says Anna Vilogorac, Chairman of Expin Group.

Estimated financial impact on Ratos
The divestment will have an impact on Ratos’ reported operating profit of approximately SEK -800 million (non-cash impact) in the fourth quarter of 2025 and will generate cash proceeds of about SEK 50-70 million upon closing. Final impact will be calculated on closing. The transactions are subject to customary regulatory approvals and are expected to be completed in the second quarter of 2026.

About Expin Group
Expin Group focuses on electrification and signal and telecommunication systems within rail infrastructure in Sweden and Finland.

For more information, please contact:
Anna Vilogorac, CFO & IR
+46 70 616 50 19
anna.vilogorac@ratos.com

Katarina Grönwall, VP Communications & Sustainability
+46 70 300 35 38
katarina.gronwall@ratos.com

This information is information that Ratos is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-02-16 00:20 CET.

About Ratos
Ratos is a Swedish publicly listed business group consisting of 14 companies across three business areas: Construction & Services, Industry and Consumer. The Group operates mainly in the Nordic region, with net sales of SEK 32 billion and an adjusted EBITA of SEK 2.3 billion in 2024, and with a total workforce of around 10,900 employees. Ratos is headquartered in Stockholm, Sweden.

We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People. We enable independent subsidiaries to excel by being part of something larger.

Attachments
Press release

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CVC DIF agrees sale of American Roads to John Laing

CVC|DIF
  • American Roads owns and operates a portfolio of four tolled transportation facilities, including three bridges in Alabama and the American-side concession of the Detroit-Windsor Tunnel, which serves as an international border crossing between Canada and the United States.
  • Across its facilities, American Roads serves approximately seven million trips annually.
  • During CVC DIF’s ownership, American Roads has been transformed into a resilient, well-positioned platform of essential transport assets through active asset management, operational optimisation, and strategic capital structuring.
  • This exit underscores CVC DIF’s clear focus on returning capital to investors, supported by the expertise of its dedicated Divestments team.

CVC DIF, the infrastructure strategy of leading global private markets manager CVC, is pleased to announce that it has signed an agreement to sell American Roads to John Laing Group (“John Laing”), a leading international investor and active manager of core infrastructure assets. The transaction is subject to customary regulatory approvals and other closing conditions, including required antitrust clearances in the United States.

American Roads is a transportation infrastructure platform that owns and operates a portfolio of toll road infrastructure in the United States. The portfolio includes three bridges in Alabama with perpetual operating rights, as well as the concession-lease for the American-side of the Detroit–Windsor Tunnel, a strategically important cross-border tunnel connecting Detroit, Michigan, USA with Windsor, Canada. These assets provide critical connectivity for commuters and regional businesses, and serve approximately seven million trips annually.

Since acquiring American Roads in 2018 via its DIF Infrastructure V fund, CVC DIF has executed a clearly defined value creation plan focused on strengthening the platform’s operational resilience and positioning the assets for sustainable long-term growth. This has included close engagement with management to optimise operating practices across the portfolio and implement a capital structure designed to support ongoing investment and operational flexibility. CVC DIF’s ownership period also included the successful management of the platform through the Covid-19 pandemic, maintaining service availability during major operational disruption and a sharp decline in passenger travel, while positioning the business for recovery. CVC DIF also supported the development of an experienced, top-tier management team, reflecting the platform’s long-term institutional ownership profile.

Andrew Freeman, Partner and Head of Divestments at CVC DIF, commented: “American Roads is a strong illustration of CVC DIF’s active ownership and long-term approach to infrastructure investing. Through close partnership with management, disciplined operational optimisation, and thoughtful capital structuring, we have developed a resilient and well-governed platform of essential transport assets. We are pleased to have agreed this transaction with John Laing, a highly experienced infrastructure investor, and believe American Roads is very well positioned to continue delivering critical connectivity in its next phase of ownership.”

Quotes

Through close partnership with management, disciplined operational optimisation, and thoughtful capital structuring, we have developed a resilient and well-governed platform of essential transport assets

Andrew FreemanPartner and Head of Divestments at CVC DIF

The sale of American Roads continues CVC DIF’s programme of disciplined portfolio rotation, reflecting sustained investor demand for high-quality, long-duration infrastructure assets underpinned by stable fundamentals.

CVC DIF was advised on the transaction by Macquarie Capital (Financial), A&O Sherman (Legal), KPMG (FDD and Tax), Infrata (Technical, ESG and Traffic) and Marsh (Insurance).

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CMA CGM and Stonepeak Announce Groundbreaking Terminal Joint Venture, UNITED PORTS LLC

Stonepeak
  • JV includes a quality portfolio of 10 major CMA CGM-operated terminals worldwide, including in the U.S., Brazil and Spain, as well as across Asia.
  • Stonepeak to invest $2.4 billion to acquire a 25% minority stake in the newly formed JV.
  • The new JV structure will drive accelerated investments in new terminal opportunities.

NEW YORK and LOS ANGELES, United States, January 28, 2026 — The CMA CGM Group, a global player in sea, land, air and logistics solutions, and Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, announced today an agreement to launch UNITED PORTS LLC, a U.S. Joint Venture (“JV”) to acquire 10 of the major CMA CGM-operated port terminals worldwide. The JV is backed by a $2.4 billion investment from Stonepeak for a 25% minority stake.

“The creation of United Ports LLC, our joint venture with Stonepeak, marks an important step in the development of our terminal activities in the United States and globally,” said Rodolphe Saadé, Chairman and CEO of CMA CGM Group. “Through this strategic partnership, we bring together ten CMA CGM-operated terminals across six countries, including major facilities such as FMS in Los Angeles, Port Liberty in New York, Santos in Brazil and Nhava Sheva in India. By joining forces with a partner with strong infrastructure expertise, we strengthen our ability to invest further in our port terminals, secure access to key gateways and enhance service quality for our customers.”

“Container terminals play an essential role in global trade and are among the most difficult to substitute or replicate transportation infrastructure assets,” said James Wyper, Senior Managing Director, Head of U.S. Private Equity, and Head of Transportation & Logistics at Stonepeak. “This joint venture represents a truly differentiated opportunity to invest in a high-quality portfolio of strategically located terminals alongside one of the largest and most respected shipping and logistics groups in the world. We look forward to working closely with CMA CGM’s expert team to support this critical infrastructure.”

A global joint venture spanning 10 major CMA CGM-operated ports

The transaction will include 10 key assets: Los Angeles Fenix Marine Services (United States), Port Liberty terminals in New York and Bayonne (United States), Santos terminals (Brazil), CSP Valencia and CSP Bilbao (Spain), Terminal Maritima del Guadalquivir (Spain), TTI Algeciras (Spain), Nhava Sheva Freeport Terminal (India), CMA CGM Kaohsiung Terminal (Taiwan), and Gemalink in Cai Mep (Vietnam).

A strategic investment securing immediate funding for port infrastructure development

CMA CGM and Stonepeak will respectively hold 75% and 25% ownership stakes in United Ports LLC, while CMA CGM will retain full operational control. CMA CGM plans to reinvest the $2.4 billion in proceeds from the transaction in the continued growth of Group core businesses, while expanding supply chain capacity to meet the ever-growing demand for state-of-the-art shipping and logistics solutions across sea, land, air and logistics.

Long-term support to drive growth of a top-class international terminal portfolio

Today’s announcement is also the beginning of a long-term relationship between CMA CGM and Stonepeak, including the potential to develop and support future investment capacity and new terminal projects in the U.S. and globally. As part of the transaction, Stonepeak will have the opportunity to contribute an additional $3.6 billion in funding for future joint terminal projects.

The transaction is expected to close in the second half of 2026, subject to customary regulatory approvals, including relevant antitrust and foreign direct investment approvals.

***

About CMA CGM
The CMA CGM Group is a global player in sea, land, air and logistics solutions. Present in 177 countries, the Group employs 160,000 people worldwide. As the world’s 3rd largest shipping company, CMA CGM serves over 420 ports with a fleet of more than 650 vessels. Its subsidiary CEVA Logistics is a leading global logistics player, and CMA CGM AIR CARGO operates a dedicated air freight fleet. The Group is committed to the energy transition, with an objective of Net Zero Carbon by 2050, and engages globally through the CMA CGM Foundation in humanitarian aid and education. For more information, please visit cmacgm-group.com

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $80 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include transport and logistics, digital infrastructure, energy and energy transition, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

Media Contacts

For CMA CGM: press-relations@cma-cgm.com

H/Advisors Abernathy
Deven Anand
212-371-5999 / deven.anand@h-advisors.global

For Stonepeak:
Kate Beers / Maya Brounstein
646-540-5225 / corporatecomms@stonepeak.com

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