KKR & Co. is moving its infrastructure and real estate assets under the same leadership as it looks to capitalize on converging opportunities between the rapidly expanding investing units.

The combination of the two arms of KKR will mean global head of infrastructure Raj Agrawal will become global head of real assets, Bloomberg reported. Agrawal will now oversee day-to-day operations for real estate while Global Head of Real Estate Ralph Rosenberg will become chairman of real assets.

In an effort to exploit the convergence of opportunities between its expanding infrastructure and real estate units, KKR (KKR) is aligning the two businesses under one