KKR’s Asia fund ‘practically closed’ – Kravis
KKR’s second Asia fund is “practically closed” having exceeded its $6 billion cap, according to Henry Kravis, co-chairman of the private equity firm. This confirms earlier reports that the fund – the largest vehicle ever raised in the region, topping the $4.25 billion raised by TPG Capital for its fifth Asia fund in 2007 – was oversubscribed.
"We raised it faster because people want to be in Asia," Kravis told an industry conference in Europe, Bloomberg reported. KKR executives have previously blamed the popularity of the fund for the slow...
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