Another Day, Another Massive Private Equity Buyout Fund

November 8, 2019 | Investments, News, Private Equity

How does a $15 billion Asia-focused fund sound?

A KKR Asian Buyout Fund is now the talk of the alternative investment markets.

KKR wants to raise a $15 billion buyout fund with a focus on Asian companies. The global private equity giant will start raising money in 2020, according to Reuters.

The report comes at a time that other private equity giants continue to turn their focus toward Asian markets. Firms like MBK Partners, Carlyle Group, KKR, and Blackstone Group have focused on Asia due to lower valuations and various metrics that have enticed activists.

Goals of the New KKR Asian Buyout Fund

According to Reuters, the company will start raiding money in Q1 2020. If the firm reaches its first close and meets a certain level, it can start buying firms, according to the report. Reuters goes on to report the fun will target Australia, China, Japan, and India. In addition, they’ll focus on the consumer, tech, and manufacturing verticals.

Yesterday, we noted that MBK Partners is also seeking to raise $6 billion for a buyout fund with a focus on the Asian markets. Further, this would be MBK Partners’ fifth fund and would focus on firms in China, Japan, and South Korea.

Meanwhile, in September, BlackRock announced it was raising $300 million for a real estate fund targeting high-growth markets like China. Finally, its rival KKR announced an Asia-focused RE fund with a $1.5 billion target.

Related: Blackstone Group CEO Stephen Schwarzman Expects Trade Resolution

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