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.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden unveils his economic plan for countering China in AsiaPresident Joe Biden on Monday said thirteen nations would join his long-sought economic plan for engaging a region coming increasingly under the influence of China, as he enters the second leg of his debut tour of Asia.
Read more »
‘Billions’ Star Asia Kate Dillon Honors High Schooler Protesting Florida’s ‘Don’t Say Gay’ Legislation“Billions” star Asia Kate Dillon presented the PEN/Benenson Freedom of Expression Courage Award to Jack Petocz, a high school activist who was suspended earlier this year for passing out Pride flags during a protest of Florida’s “Don’t Say Gay” bill.
Read more »
Biden’s plane refuels in Anchorage on way back to Washington after trip to AsiaPresident Joe Biden's plane touched down at Joint Base Elmendorf-Richardson in Anchorage on Tuesday morning on his return from diplomatic meetings with Asia-Pacific partners.
Read more »
Biden unveils a U.S.-Asia trade initiative that falls short of a free-trade dealThe new Indo-Pacific Economic Framework for Prosperity is intended to increase cooperation on trade, energy, supply-chain and anti-corruption issues.
Read more »
Biden takes aggressive posture toward China on Asia tripIn a news conference Monday, Biden said the United States would defend Taiwan militarily if it came under attack by China, despite the U.S. policy of “strategic ambiguity.”
Read more »