Future Standard, a global alternative asset manager with approximately $94 billion in assets, has closed a strategic minority investment in KDC. The arrangement includes an option for Future Standard to acquire control of the business in future.
KDC was co-founded by chief executive Edwin Conway and the Kamine family. The firm invests in infrastructure supporting data, energy security, advanced manufacturing and critical minerals.
Those four categories describe much of the current institutional infrastructure agenda. Demand for computing capacity, grid reinforcement, domestic industrial capability and secure supply of critical inputs has moved infrastructure investment from a predominantly regulated-asset discipline towards a broader industrial one.
The transaction structure is also notable. Minority stakes with a path to control have become a common route for large managers to add specialist capability without an immediate full acquisition, allowing an operating record to be established before ownership changes.
For family offices, infrastructure of this type sits between real assets and private equity: long duration and asset-backed, but with construction, technology and offtake risk rather than pure regulated income.
Energy transition, digital infrastructure and supply-chain resilience feature across the UKFOS Oxford 2026 programme.
UKFOS Editorial · 11 AUGUST 2026