The firm had closed its second special situations fund at $1.4 billion in 2014.
KKR is seeing more opportunities for credit in SEA & Australia and for real estate in North Asia
Yuanfudao is valued at over $3 billion after the funding, a significant jump from its $1-billion valuation last year.
The surge was driven by expanding purse sizes of corporate venture capital (CVC) units and the entry of bigger first-time funds.
Southeast Asia witnessed a strong year in 2018 as venture capital firms raised larger funds and several new names entered the fray, including some sector-focused and country-focused funds.
Hong Kong-headquartered Fung Retailing, which currently owns 15% of Toys “R” Us Asia, will now acquire an additional 6% stake from noteholders of the US company.
The deal puts Ixom’s enterprise value at A$1.1 billion ($799.5 million).
KuCoin’s Series A round comes after crypto exchange Binance raised an undisclosed amount of funding from Vertex Ventures in October, signifying cryptocurrency firms’ increasing reliance on venture capital funding to sustain growth.
Ucommune had raised $44 million in its pre-Series D at a valuation of $1.8 billion.
The Asia Pacific Cities Fund has identified 17 cities, including Tokyo, Sydney, Brisbane, Singapore and Seoul, for investments.