KKR closes $15 billion Asian private equity fund
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New York-based private markets firm KKR closed its latest Asia-Pacific private equity fund, Asian Fund IV, at $15 billion — a record for a fund focused on the region.
Roughly $1.3 billion of that total will be invested by KKR and its employees alongside the firm's limited partners, according to a news release Tuesday.
The $15 billion close exceeded KKR's target for the fund of $12.5 billion.
The fund attracted those record commitments in less than 18 months, at a time of unprecedented operational challenges for the industry caused by the coronavirus pandemic, a spokeswoman for the firm said.