KKR completes $15 bn Asia fund, says it has 'tremendous potential'

The firm said in January it had completed its inaugural pan-regional infrastructure and real estate funds: the US$3.9 billion Asia Pacific Infrastructure Investors Fund and US$1.7 billion Asia Real Es

Global firm KKR announced on Tuesday the final close of a $15 billion fund focused on investments in private equity transactions in the Asia Pacific region. KKR Asian Fund IV will invest approximately $1.3 billion in capital alongside fund investors through the firm.

“Over the last 16 years we have strategically built our Asia Pacific platform and diverse regional team to unlock what we believe are some of the most compelling investment opportunities in the world given Asia Pacific’s growth and dynamism,” said Ming Lu, head of KKR Asia Pacific.

“Our new flagship private equity fund meaningfully adds to our multi-asset platform