Reuters exclusively reports KKR raising first Asia real estate fund, targeting $1.5 billion

Reuters reported exclusively that global investment powerhouse KKR & Co Inc is raising its first Asia-focused real estate fund, targeting $1.5 billion as it looks to deepen its real estate portfolio in the region. The New York-based private equity firm is moving towards first-close of the fund late in the second quarter, people with knowledge of the matter told Reuters. The firm itself will commit about $250 million in capital, and potential investors include sovereign funds and pension funds.