KKR completed the acquisition of an 11.9% stake in First Gen, an independent power producer in the Philippines, for $192m. "We are thrilled to make this infrastructure investment in the Philippines in First Gen. We have long viewed First Gen as an exceptional business with a high-caliber leadership team, and we have great respect for the Lopez family for building this strong, well-established company. This is an exciting and further milestone for KKR’s Asia Pacific infrastructure business, and we are pleased to have this opportunity to be an investor in First Gen able to positively engage with the company’s management team and the Lopez family as helpful in the future," David Luboff, KKR Partner and Head of Asia Pacific Infrastructure.