KKR raises watershed $6 billion for second Asia fund

KKR has formally closed its Asian II Fund at $6 billion, the biggest pan-Asia PE fund to date, with one-quarter of the assets raised from within the region. Although the buyout firm, which runs $78.3 billion in AUM globally, announced the closure yesterday, the fundraising is said to have been completed late last year, with high demand resulting in the vehicle being oversubscribed. Existing KKR limited partners contributed the bulk of capital, representing 77% of money raised.  …