KKR targets $12.5b for fourth pan-Asian fund

The target was first reported by Bloomberg, which cited fundraising documents. AVCJ confirmed the figure with sources close to the situation. KKR declined to comment on fundraising.

KKR has already flagged the impending arrival of Fund IV in earnings calls. Scott Nuttall, the firm's co-president and co-COO, told analysts in July that the three largest vehicles globally – the latest Asian private equity, Americas private equity and infrastructure funds – would be launched over a period of six to 18 months.

KKR closed its third Asia fund at $9.3 billion in June 2017, upsizing from $6 billion for the previous vintage. Last month, it emerged that the firm also plans to raise a growth-stage technology vehicle focused on Asia, expanding a strategy that is already operational in North America, Europe, and Israel.

In September, Hiro Hirano and Ashish Shastry, who lead KKR's operations in Japan and Southeast Asia, respectively, were appointed co-heads of private equity across the region.

They assumed responsibility for oversight of the asset class from Ming Lu, the overall head of Asia. Hirano covers the northern geographies of Japan, Korea and China, with Shastry overseeing Southeast Asia, India, and Australia and New Zealand. Lu remains the lead partner in the private equity business.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Fundraising
• Buyout
• GPs
• Asia
• KKR