The Wall Street Journal: KKR closes record $9.3 billion Asia investment fund

KKR & Co. closed a $9.3 billion fund dedicated to private-equity investments across Asia Pacific, the largest such fund in the region, the U.S. private-equity giant said Friday.

The fund’s investors include public pensions, sovereign-wealth funds and family offices, the firm said.

KKR KKR, +1.85% is among a clutch of firms that have been raising funds to cut deals in Asia, including Carlyle Group LP CG, +1.42% and Warburg Pincus LLC, amid a rush of private-equity investment in the region in recent years.

Data trackers say funds have raised more money than they have spent, which slowed fundraising slightly last year.

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