Private equity firm KKR is looking to close its second Asia-focused credit fund by December, according to sources familiar with the matter. The fund is targeting approximately $2 billion in commitments, reflecting KKR’s ongoing focus on expanding its credit investment platform across the Asian region.
The new fund aims to capitalize on the region’s growing demand for alternative financing options, particularly in sectors such as infrastructure, real estate, and corporate lending. KKR has been actively increasing its presence in Asia, seeking to leverage regional economic growth and strategic opportunities.
This effort aligns with KKR’s broader strategy to diversify its investment offerings and increase its footprint in emerging markets. The firm’s previous Asia credit fund has reportedly performed well, encouraging the firm to double down on its Asian credit initiatives.
An official announcement regarding the closing of the fund is expected later this year, with industry observers noting that the fundraising environment for credit funds remains competitive amid a backdrop of global economic uncertainties.