Friday, 21 October 2016
Last updated 59 min ago
Jul 19 2010 | 7:30pm ET
Kohlberg Kravis Roberts has launched its first China-focused private equity fund and hopes to raise $800 million for it.
The New York-based p.e. firm, which recently listed on the New York Stock Exchange, is raising a smaller fund to reflect a proliferation of opportunities in the $50 million range, The Wall Street Journal reports. KKR has entrusted management of the KKR China Fund to its current China team, which manages assets in the country for the firm’s main funds.
KKR is actively marketing the fund to potential investors.