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.