By James Quinn

KKR is to begin investing in infrastructure assets for the first time as the traditional private equity market continues to stagnate in the wake of the continued credit crisis.

The global private equity house, which is best known in the UK for its controversial £11.1bn purchase of pharmacy retailer Boots last year, has hired George Bilicic from Lazard to lead its new venture, which will see it invest in lower-growth but traditionally stable assets such as toll roads, airports and utility companies.

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Posted by boyang at May 16, 2008 6:25 PM