Wednesday, 20 August 2014
Last updated 1 hour ago
Jul 11 2013 | 12:18pm ET
Kohlberg Kravis Roberts has raised the largest-ever Asia-Pacific private equity fund, with US$6 billion in commitments.
KKR had targeted that amount for its second fund focused on the region. The firm's previous Asia fund raised US$4 billion in 2007, and a China-focused fund netted US$1 billion in 2010.
KKR said the new fund would aim to profit from rising consumer, retail, healthcare, education and industrial demand in Asia. The firm last year opened a Singapore office, its seventh in the region.
The Singapore office gives KKR a local presence in Southeast Asia, but the new fund is likely to focus more on a developed market than emerging ones. KKR's Japan chief, Hirofumi Hirano, told reporters today that a significant chunk of the US$6 billion will be invested in that country.
Hirano said that KKR hoped to participate in the restructuring of Japanese industry, and would invest in junk-rated firms with the potential for a recovery.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note