KKR raises $6b for Asia fund - report
KKR is said to have reached the $6 billion target for its second pan-Asia fund. It is the largest vehicle ever raised in the region, topping the $4.25 billion raised by TPG Capital for its fifth Asia fund in 2007.
According to Reuters, strong demand from pension funds and endowments left the vehicle over-subscribed. KKR even blames the popularity of the Asia fund for the slow progress of its latest North America-focused...
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