KKR Raises $11 Billion in Asia Fund

Private equity powerhouse KKR & Co has raised over $11 billion after the first-close of its fourth Asia-focused fund, its Beijing-based managing director Chris Sun said. 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. According to KKR, China Japan, India and Southeast Asia are its focused markets.  The U.S.-based firm has been investing heavily in India this year.