Washington State commits $400m to KKR’s Asian fund
Washington State Investment Board has committed $400 million to KKR’s second Asia fund, which is seeking to raise up to $6 billion. The investment was disclosed alongside those made to Oaktree Capital Management’s newest distressed debt fund and Cinven Group’s new buyout fund.
Washington State has $80 billion in assets under management and $15.2 billion invested in private equity. GPs it currently backs in Asia include CDH Investments, Affinity Equity Partners and FountainVest...
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