KKR sets $8.5b hard cap for Asia fund, schedules first close
KKR has set an institutional hard cap of $8.5 billion for its third pan-Asian fund, with the total expected to reach $9.2 billion including commitments from the firm’s balance sheet and management team. A substantial first close – of around half the hard cap – is scheduled for March 15.
A private placement memorandum for the new vehicle was issued in early November, with a target of $7 billion. The hard cap – confirmed by multiple sources familiar with the situation – could be seen...
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