International non-public fairness fund (PEF) administration firm Kohlberg Kravis Roberts (KKR) introduced on Jan. 15 that it has accomplished the institution of a $2.5 billion (roughly 3.6 trillion received) non-public credit score fund that can put money into the Asia-Pacific area, together with Korea and Australia.
This fund is the second following the beforehand established $1.1 billion (1.6 trillion received) Asia Credit score Fund I. KKR introduced that this fund is the most important non-public credit score fund within the Asia-Pacific area and has already dedicated to 10 investments. Varied institutional buyers participated on this fund, together with insurance coverage firms, public and company pension funds, sovereign wealth funds, household workplaces, banks, normal firms, and asset administration firms.
KKR has accomplished greater than 60 non-public credit score investments within the Asia-Pacific area since 2019, with cumulative funding quantities totaling roughly $8.3 billion. On this course of, it has supplied acquisition financing and customised capital options focusing on firms and personal fairness funds within the healthcare, schooling, actual property, logistics, and infrastructure sectors. By area, Korea, Australia, Larger China, India, Japan, New Zealand and Southeast Asia are the primary funding targets.
Diane Raposio, KKR accomplice and head of Asia credit score and markets, stated, “Asia is a core pillar of KKR’s world credit score technique.”
SJ Lim, KKR’s head of Asia non-public credit score and managing director, acknowledged, “Non-public credit score continues to be in comparatively early phases throughout Asia, however stays a lovely alternative,” and talked about, “KKR’s high-quality credit score technique is predicated on long-term structural themes similar to consumption development, urbanization and digitalization which have underpinned the expansion of Asia’s non-public markets.”
