KKR secures $5.8b first close on third Asian fund
KKR has reached a first close of just under $5.8 billion on its third pan-Asian fund. The vehicle has an institutional hard cap of $8.5 billion, with a further $700 million in commitments from the firm’s balance sheet and management team.
The first close took place on March 31, according to sources familiar with the situation. It was originally scheduled for March 15, but with the expectation that the total be smaller – nearer to half...
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