KKR closed a $19.2 billion global infrastructure fund, some of which is earmarked to address the Gulf’s growing need for more resilient energy and digital build-outs. The private equity giant is already pouring billions into data centers in the Gulf, committing $5 billion across the Middle East over the past 18 months. Its head of Middle East investing said the new fund will “support the region’s next phase of growth,” in a statement to Semafor. Last week KKR and Blackstone signed a roughly $16 billion lease on Kuwait’s national pipeline network. Still, the bulk of KKR’s new vehicle is bound for North American and European investments.