KKR & Co completed the acquisition of a 20% stake in Sempra Infrastructure Partners, whose assets include an LNG portfolio consisting of up to 45m tonnes per annum of LNG export capacity in development, construction or operation on the North American Pacific and Gulf Coasts, from Sempra Energy, an energy infrastructure company, for $3.4bn. "Investing in critical new energy infrastructure creates jobs, delivers reliable energy with fewer emissions and supports North America's economic recovery. That is why we are excited to partner with Sempra Energy. This infrastructure platform provides a strong foundation to expand cleaner energy resources across the continent. Backed by strong, contractually-supported, long-term cash flows, our investment is also consistent with KKR Infrastructure's strategy to seek stable and predictable returns for our investors," Raj Agrawal, KKR Partner and Global Head of Infrastructure.