KKR's fourth Asia-focused fund raises over $11b in first close

Private equity powerhouse has raised over $11 billion after the first-close of its fourth Asia-focused fund, its Beijing-based managing director Chris Sun said Wednesday.

KKR started marketing the new Asia fund towards the end of last year before the COVID-19 pandemic, targeting $12.5 billion in what would be the region’s biggest private equity fund, people familiar with the situation have said. It is unclear when the final close of the fund will be reached. KKR declined to comment on its fundraising status.

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