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KKR Nets $2.5B for Asia Credit Growth
15 Jan
Summary
- KKR successfully raised $2.5 billion for Asia-Pacific credit investments.
- The fund is the largest pan-regional performing private credit fund in Asia.
- Investors include insurance companies, pension funds, and sovereign wealth funds.
KKR announced the completion of a $2.5 billion fundraise dedicated to privately originated performing credit investments throughout the Asia-Pacific region. This substantial capital raise underscores a notable increase in investor interest in private credit within this dynamic area.
The total fundraise comprises $1.8 billion allocated to KKR Asia Credit Opportunities Fund II (ACOF II), alongside $700 million secured through separately managed accounts that align with similar investment strategies. With this closing, ACOF II stands as the largest pan-regional performing private credit fund established in Asia-Pacific.
Investors in the fund represent a varied group, including insurance companies, public and corporate pension funds, sovereign wealth funds, family offices, banks, corporations, and asset managers. KKR's Asia Credit platform has already committed $1.9 billion to 10 investments through ACOF II since its launch.
