KKR mulling record US$9b target for third Asia fund

New York

KKR & Co, the alternative asset manager co-founded by Henry Kravis and George Roberts, is considering a record US$9 billion target for its third Asia-dedicated buyout fund, said people familiar with the matter.

The firm is in early talks with investors about raising the pool in 2017, said the people, who asked not be identified because the information is private. The target figure is predicated on the strong deal flow that KKR executives believe is likely to materialise in the region over the next five years.