Asia Economy

KKR Raises $6 Billion Asia Fund, Region's Largest Ever: Report


KKR & Co hasfinished raising its second pan-Asia fund, reaching $6 billion,according to sources, the largest private equity pool everraised for the region, with strong demand from pension funds andendowments seeking emerging market returns.

KKR's latest Asia fund, which follows a $4 billionregional fund it raised in 2007, is over-subscribed, the sourcestold Reuters, meaning demand exceeded the current total, despitechallenges facing investors putting money into the region'sslowing economy.

The formal close of the fund is expected to be announcedearly next year, said the sources, who could not be named as thematter was confidential. KKR declined to comment.

KKR's Asia portfolio includes S.Korean beer and soju makerOriental Brewery and Vietnam's Masan Consumer.