KKR, the US private equity group, has achieved its goal of raising $6bn for its new Asia fund, according to people familiar with the matter, making it the largest fund focused on the region.
KKR’s success is striking as it comes at a time of growing scepticism about the ability of private equity groups in both developed and developing markets to put large amounts of capital to work.
That uncertainty has been focused on deals in China as mainland growth has slowed and amid competition from local funds whose founders are often politically well connected.
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