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KKR raises $15bn for largest Asia fund

US private equity group to target consumer businesses and carve-outs

KKR itself will be investing about $1.3 billion in the fund.   © Reuters

TOKYO -- U.S. investment company KKR on Tuesday said it raised $15 billion for its fourth Asia fund, making it the largest private equity fund in the Asia-Pacific region.

The vehicle is more than 60% larger than its immediate $9.3 billion predecessor, which was raised in 2017, and brings KKR's total assets under management in Asia to over $30 billion.

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