By Megan Cheah
KKR has closed its latest Asia-Pacific private credit fundraise at $2.5 billion amid growing investor demand for credit allocation in the region.
The fundraise comprises $1.8 billion from its Asia Credit Opportunities Fund II and $700 million from separately managed accounts focusing on the same types of investments, KKR said Thursday.
The company's Asia credit platform has signed 10 investments through its second Asia credit fund, representing $1.9 billion in KKR commitments, including other pools of capital, the New York-based private-equity firm said.
This fund, said to be the largest pan-regional performing private credit fund in Asia-Pacific, focuses on committing capital to privately-originated performing credit investments.
KKR, which manages around $282 billion in credit assets globally, said it received support from both new and existing investors, including insurance companies, public and corporate pension funds, sovereign wealth funds, family offices, banks, corporates, and asset managers.
The investment firm sees strong demand for private credit from sponsors or corporates seeking flexible financing solutions to support growth, said SJ Lim, managing director and head of Asia private credit at KKR.
"Our performing credit strategy is based on the same long-term structural themes such as rising consumption, urbanization and digitalization that have underpinned the growth of private markets in Asia," he said.
In 2022, KKR raised $1.1 billion in its first Asia-Pacific-dedicated private credit fund, said to be the largest such fund at the time.
Write to Megan Cheah at megan.cheah@wsj.com
(END) Dow Jones Newswires
01-14-26 2157ET
