KKR targets record $15 billion for new Asia-focused buyout fund in 2020

Global private equity group KKR & Co Inc is targeting a record $15 billion (£11.7 billion) for a new Asia-focused buyout fund, three sources with knowledge of the plan told Reuters.

Buyout groups including Bain Capital, Blackstone , Carlyle , and KKR are increasingly focusing on Asian investments as lower valuations and corporate restructuring throw up new opportunities in key markets. KKR's fundraising will start in the first quarter of 2020, with the aim of achieving first close, an important milestone indicating the.

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