KKR Raises $ 15 Billion In Asia’s Largest Fund As Acquisition-Backed Deals Increase By Reuters

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© Reuters. KKR & Co trading information is displayed on a screen on the floor of the New York Stock Exchange in New York

SINGAPORE (Reuters) – Private equity powerhouse KKR & Co (NYSE 🙂 said Tuesday it has raised $ 15 billion for its fourth Asia-Pacific-focused fund, marking the largest private equity fund in the country. region at a time when acquisition-backed transactions are on the rise. US-based KKR began marketing the new Asia fund in late 2019, initially with a target of $ 12.5 billion, sources familiar with the situation have previously said. leaders in their industries, “said Ashish Shastry, KKR’s Asia Pacific co-head of private equity, in a statement announcing the fundraiser. KKR said the fund exceeded its target size to reach its ceiling for investor commitments of funds and received strong support from new and existing global investors, including significant representation from Asia Pacific-based investors. Coronavirus-led growth in the technology sector is expected to drive M&A activity in Asia this year. Private equity-backed deals in the region rose 51% to a record $ 129 billion last year. Many regional funds, including Primavera Capital and China’s Boyu Capital, are also raising funds, while Hillhouse Capital aims to raise $ 13 billion, sources said. KKR said its fund would seize opportunities to derive adas from rising consumer spending and urbanization trends, as well as corporate spin-offs, spin-offs and consolidation. KKR will invest around $ 1.3 billion in equity alongside fund investors through the commitments of the company and its employees. In January, it said it had closed its first Asia Pacific real estate investment fund, days after its inaugural Asia infrastructure fund closed.

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