HONG KONG: KKR & Co raised US$3.9bil for its first Asia-Pacific infrastructure fund, amassing the largest pool of cash in the region for investments in everything from waste management and renewable energy to communication towers.
In the process of raising funds, the firm boosted its initial target from US$3bil and stopped fundraising after reaching its cap. It tapped three dozens investors in the US, Europe, the Middle East and Asia-Pacific, said Alisa Amarosa Wood, head of KKR’s Private Markets Products Group. KKR and its employees contributed about US$300mil.
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