Reuters logo
KKR closes new Asia fund at record $9.3 bln, seeks bigger deals
June 2, 2017 / 3:05 AM / 6 months ago

KKR closes new Asia fund at record $9.3 bln, seeks bigger deals

HONG KONG, June 2 (Reuters) - Private equity firm KKR & Co said on Friday it raised $9.3 billion for its most recent Asia-focused buyout fund, setting a record for the region as it looks for larger deals.

The size of its Asian Fund III is larger than the $7 billion KKR originally targeted, underscoring an increase in the sizes of buyout deals in the region.

“We see a diverse set of opportunities across Asia Pacific stemming from rising consumption and urbanization trends in key markets as well as larger carve-out and cross-border transactions in countries such as Japan,” Ming Lu, head of Asia private equity at KKR, said in a statement. (Reporting by Elzio Barreto; Editing by Edwina Gibbs)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below