KKR's first asset-based finance fund raises $2.1b

KKR's first asset-based finance fund raises $2.1b

REUTERS/Brendan McDermid

Global Investment firm KKR & Co Inc on Wednesday closed its first asset-backed finance fund with about $2.1 billion from investors who are increasingly turning to collateral-based cash flows with attractive yields to beat market volatility.

KKR‘s Asset-Based Finance Partners fund drew from a diverse group of new and existing investors, including public and corporate pensions, sovereign wealth funds and commercial banks, and about $150 million from KKR.

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