Saturday, June 23, 2012

Reuters: Private Equity: KKR raises $3 billion for second Asia fund

Reuters: Private Equity
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KKR raises $3 billion for second Asia fund
Jun 23rd 2012, 16:22

June 23 | Sat Jun 23, 2012 12:22pm EDT

June 23 (Reuters) - Kohlberg Kravis Roberts, the private equity company, has raised more than $3 billion for its second Asia fund, according to a securities filing. Of that amount, $2.76 billion came from U.S. and non-U.S. investors, while $250 million has been committed by its general partners, KKR said in a filing dated June 22.

The New York-based firm is setting up its first deals team in Singapore as the U.S. private equity firm seeks to invest about $1 billion in Southeast Asia through its second Asia fund, sources with knowledge of the matter told Reuters earlier.

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