Deals
KKR Amasses $9.3 Billion for Biggest Asian Private Fund Pool
- Latest fund comprises $800 million from KKR and employees
- Pool amassed even as number of megadeals in region falls
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KKR & Co. has raised $9.3 billion for its third Asia fund, amassing the biggest ever pool by a private equity firm in the region, as the firm steps up investments in Japan.
About $800 million of the pool comes from the firm’s balance sheet and employees, the company said in a statement. The fund is 55 percent larger than its second Asia fund, which had generated a net internal rate of return of 20.6 percent as of March 31, the New York-based firm said in the statement Friday.