KKR reaches halfway point on $6b Asia fund
KKR has reached the halfway point in fundraising for its second Asia fund, receiving more than $3 billion in commitments. According to a regulatory filing, third-party investors have pledged $2.76 billion to KKR Asian Fund II, with general partners putting in a further $250 million.
The final target is around $6 billion, 50% larger than the firm's first Asian fund, which was raised in 2007. Like many of its counterparts globally, the private equity firm is said to be offering investors...
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