KKR has raised $1.1 billion in its inaugural Asia credit fund that provides debt financing to companies, marking what the U.S. private equity firm said was one of the largest such first-time fundraisings in Asia Pacific.
Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photohas raised $1.1 billion in its inaugural Asia credit fund that provides debt financing to companies, marking what the U.S. private equity firm said was one of the largest such first-time fundraisings in Asia Pacific.
KKR said in a statement on Wednesday the Asia Credit Opportunities Fund, which saw its final close, received strong support from investors including sovereign wealth funds, insurers and private investment groups.
The fund aims to target investments mainly in "performing privately originated credit" and tap opportunities across three primary investing themes, including senior and unitranche corporate lending, subordinated corporate lending, and asset-based finance investments.
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