
KKR says China Growth Fund on course for $1 billion hard cap
Kohlberg Kravis Roberts & Co. (KKR) has announced a $700 million first close on its KKR China Growth Fund to date, and is on track to close at its $1 billion hard cap, the firm revealed in the course of its latest 3Q10 earnings call.
“Since the end of the quarter, capital-raising activity has been significant,” said Jonathan R. Levin, Head of IR at KKR, as he disclosed the details. KKR first launched its China fund in July 2010,...
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