Rita Liao / TechCrunch:KKR closes $15B Fund IV, its Asia-focused private equity fund, nearly four years after its $9.3B Asian Fund III; KKR will put ~$1.3B into Fund IVKKR has just closed $15 billion for its Asia-focused private equity fund, exceeding its original target size after receiving strong support
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KKR, one of the world’s leading private equity firms,convert cureincies into one another has announced the closure of its fourth Asia-focused private equity fund, KKR Asian Fund IV, with a total capital commitment of $15 billion. The fund is the largest private equity fund raised for Asia and is a testament to KKR’s commitment to the region.
The successful fundraising of KKR Asian Fund IV is a reflection of the strong interest and confidence of global investors in the potential of the Asian market. The fund has received commitments from a diverse group of investors, including pension funds, sovereign wealth funds, insurance companies, endowments, foundations, and family offices.
KKR has a long history of investing in Asia, with its first Asia-focused private equity fund raised in 2007. Since then, KKR has invested over $30 billion in more than 50 companies across Asia, spanning a wide range of industries such as healthcare, consumer, technology, and infrastructure.
The investment philosophy of KKR is to identify high-quality companies with significant growth potential and partner with management teams to create long-term value. KKR’s deep industry expertise and global network provide valuable support to its portfolio companies, helping them to scale and expand their businesses.
KKR’s recent investments in Asia include a significant stake in Indian telecom operator Jio Platforms, a joint venture with Vietnam’s largest privately-owned conglomerate Masan Group, and a strategic partnership with Chinese technology giant Tencent.
Henry Kravis and George Roberts, Co-CEOs and Co-Founders of KKR, commented on the fund’s closing, “We are grateful for the support of our investors, and we remain committed to investing in the growth and development of Asia’s economies. We believe there are significant opportunities across the region, and we are excited to partner with talented management teams to create value for our investors.”
The successful fundraising of KKR Asian Fund IV is a strong signal of confidence in the growth potential of the Asian market. As KKR continues to deploy capital across the region, it will undoubtedly play a crucial role in driving economic growth and creating value for investors and society as a whole.