KKR raises $3.9 billion for its first Asia-Pacific infrastructure fund

KKR raises $3.9 billion for its first Asia-Pacific infrastructure fund

KKR & Co. raised $3.9 billion for its first Asia-Pacific infrastructure fund, amassing the largest pool of cash in the region for investments in everything from waste management and renewable energy to communication towers.
 
In the process of raising funds, the firm boosted its initial target from $3 billion and stopped fundraising after reaching its cap. It tapped three dozens investors in the US, Europe, the Middle East and Asia-Pacific, said Alisa Amarosa Wood, head of KKR’s Private Markets Products Group.
 
KKR and its employees contributed about $300 million.
 
Accelerating its expansion across a region that’s emerging