KKR raises record US$9.3 billion for its third Asian fund

Singapore

PRIVATE equity firm KKR has raised US$9.3 billion for its third Asian fund, the largest amount raised by a private equity fund in the region.

This is more than the US$7 billion it initially aimed to raise, Reuters reported.

Ming Lu, KKR member and head of Asia (private equity), said: "We see a diverse set of opportunities across Asia-Pacific stemming from rising consumption and urbanisation trends in key markets as well as larger…