KKR Closes Record-Setting Asia Private Equity Fund

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.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...