Kohlberg Kravis Roberts & Co (KKR) has raised $6 billion for a new fund, making it the largest private equity fund for the Asian region.
This marks the firm’s third successful fund-raising in the region, following its $4-billion regional fund in 2007 and $1 billion China Growth Fund in 2010, the company said in a statement.
KKR, which established its presence in the Asia-Pacific in 2005, has invested more than $5.5 billion in private equity investments in 30 companies across the region.
In Asia, KKR has more than 100 executives and senior advisors in seven offices located in Beijing, Hong Kong, Mumbai, Seoul, Singapore, Sydney and Tokyo.
“We look forward to continuing to generate positive results for all our stakeholders,” Joseph Bae, Member & Managing Partner of KKR Asia, said.
KKR would invest in sectors such as consumer goods, retail, healthcare, education and certain industrials. The private equity firm also sees opportunities in the financial services industry, infrastructure, specialised technology and precision manufacturing among others.
rajesh.kurup@thhindu.co.in