US-based KKR started marketing the new Asia fund towards the end of 2019. - Reuters SINGAPORE, April 6 (Reuters): Private equity powerhouse KKR & Co said on Tuesday it has raised US$15 billion for its fourth Asia-Pacific focused fund, marking the region s biggest private equity fund at a time when buyout-backed deals are on the rise.
US-based KKR started marketing the new Asia fund towards the end of 2019, initially targeting $12.5 billion, sources familiar with the situation have said previously. Companies across Asia Pacific are recognising their potential to become not only national and regional champions but also global leaders in their industries, Ashish Shastry, KKR s co-head of Asia Pacific private equity, said in a statement announcing the fund-raising.
KKR closes fourth Asia buyout fund at record $15b
REUTERS/Brendan McDermid
April 6, 2021
Private equity giant KKR & Co announced that it had closed its fourth Asia-focused buyout fund at $15 billion, the largest PE fund dedicated to investing in the Asia Pacific region.
KKR Asian Fund IV exceeded its $12.5-billion target and also surpassed the record $10.6 billion raised by Hillhouse Capital Group for Asia in 2018. KKR said it will be investing approximately $1.3 billion in capital alongside fund investors through the firm and its employees’ commitments.
The fund received strong support from a diverse group of new and existing global investors, including strong representation by Asia Pacific-based investors.
KKR raises record $15 billion for Asia fund
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Last Updated: Apr 06, 2021, 05:21 PM IST
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KKR said it will invest about $1.3 billion in capital alongside fund investors through the firm and its employees’ commitments.
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MUMBAI: US private equity giant KKR has raised a record $15 billion for its fourth Asia fund as the New York-headquartered firm looks to take advantage of raising appetite for private institutional capital in the region.
The Fund, which exceeded its target size to reach its hard cap for fund investors’ commitments, received strong support from a diverse group of new and existing global investors, including strong representation by Asia Pacific-based investors, KKR said in a statement.
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CBRE: HCM City among top preferred cities for cross-border investments in Asia-Pacific
Ho Chi Minh City has been ranked fifth as Asia Pacific investors’ most preferred market for investments by CBRE Group, Inc.
CBRE’s Asia Pacific Investor Intentions Survey 2021 was conducted between November 9 and December 14 last year. As many as 492 mainly Asia Pacific-based investors participated in the survey, which asked respondents a range of questions regarding their buying appetite and preferred strategies, sectors and markets for 2021.
“Ho Chi Minh City has already been on the radar of investors in recent years, especially those who are looking to invest in Southeast Asia, as the city is viewed as having the potential for greater