The investment size for the upcoming vehicle will be in the range of $5 million to $30 million.
STI is looking for a minimum return of roughly 8 per cent for the fund.
The sale comes just two years after KKR invested in KCF from its $9.3-billion Asian Fund III.
The public offer follows a placement to institutional investors which witnessed strong demand.
It will invest directly in real assets that generate current income along with capital appreciation.
The fund is targeting to raise $500 million, larger than its predecessor that closed at $290 million.
CHAMP V is set to collect between $558 million and $627 million,
The fund will take minority stakes in companies making equity investments from $1 million-$15 million in each.
Top executives Wai Hoong Fock & Piti Hongsaranagon are leaving its SEA team.
Q & A
Ellen Li talks about the fund raising environment, exits and responsible investing across the globe and Asia.
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