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.
Border to Coast picks 5 managers for infrastructure, makes first co-investment
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Border to Coast Pensions Partnership, Leeds, England, committed more than £500 million ($700 million) to five infrastructure funds and an infrastructure project, confirmed a spokesman for the pool of U.K. local authority pension funds.
The new infrastructure commitments are part of the pool s £3 billion private markets program. The pool s member funds have about £46 billion in total assets.
The new investments are:
Patria Investments.
I Squared Capital that is focused on core-plus/value-added investments across middle-market and large-cap companies.
$125 million commitment to
BlackRock Global Renewable Power Fund III, which invests in a mix of greenfield and brownfield assets globally.
Editor’s take: The week that was Feb 15-20
February 21, 2021
It’s been known for a long time that there were cracks emerging at the Philippines-based prefabricated housing construction firm
Revolution Precrafted.
This week, the controversies regarding the luxury builder took a new turn when the country’s National Bureau of Investigation, acting on a complaint by contractors and suppliers, decided to probe the company. The complainants said they were duped by the firm, which allegedly led to losses worth $3 million.
Established in 2015 by
Robbie Antonio, the flamboyant son of the real estate tycoon
Jose Antonio, Revolution Precrafted had become the first Philippine unicorn within two years of its founding.
By Venilia Amorim2021-02-10T14:45:00+00:00
Border to Coast Pensions Partnership, one of the UK’s largest public sector pension pools with total assets worth £46bn (€52bn), has committed over £370m in five new private equity funds.
Since its launch, the Partnership received £3bn of private market commitments from its partner funds, of which £1bn was earmarked for private equity last year – £500m for its first offering (Series 1A) and a further £485m for its second offering (Series 1B), 75% of which is now committed, it announced. The new investments form part of Border to Coast’s second private equity offering (series 1B).