Reuters exclusively reports KKR’s new Asia-focused fund targets record $15 billion in 2020

Reuters reported exclusively that global private equity group KKR & Co Inc is targeting a record $15 billion for its new Asia-focused buyout fund. A fund of that size would break the New York-based firm’s own 2017 record of a $9.3 billion fund and comes as buyout groups are increasingly focusing on Asian investments. Reuters sources said that the fundraising will start in the first quarter of 2020, with the aim of achieving first close, an important milestone indicating the fund has crossed a minimum threshold and can begin making investments, by June.