KKR raises over $11 billion in Asia fund

Private equity powerhouse KKR & Co has raised over $11 billion after the first-close of its fourth Asia-focused fund, its Beijing-based managing director Chris Sun said Wednesday.

KKR started marketing the new Asia fund towards the end of last year before the Covid-19 pandemic, targeting $12.5 billion in what would be the region's biggest private equity fund, people familiar with the situation have said.

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Sun, speaking at the AVCJ China Virtual Forum, said China, the world's second-largest economy, has been an important market for the fund, adding that Japan, India and Southeast Asia are also its focused markets.

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