Sunday, 2 August 2015
Last updated 2 days 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…