Dow Jones Newswires: KKR closes new $1.1 billion Asia credit fund

By Yifan Wang

KKR Co. pronounced Wednesday that it has sealed a new credit account focused on a Asia market, as a New York-listed investment organisation continues to grow in a region, where mercantile expansion has valid quite volatile given a pestilence started.

The new fund, called KKR Asia Credit Opportunities Fund, perceived financing from new and existent investors, including open and corporate pensions, emperor resources funds, blurb banks, word companies, item managers and private investment groups, and family offices, KKR pronounced in a statement.

KKR itself also invested over $100 million in a account by a change piece and worker commitments.

The account intends to pursue investments essentially in performing, secretly originated credit, KKR said. In particular, a account will broadly aim opportunities opposite 3 investing themes: comparison and unitranche corporate lending, subordinated corporate lending and asset-based financial investments.

The newly sealed account outlines another pierce by KKR to grow a participation in Asia Pacific over a past few years. In 2021, a association sealed a $15 billion Asia private equity account and a $3.9 billion Asia infrastructure fund, among others.

The new credit account will yield Asian businesses with nonbank financing options, KKR said.

“There is an imbalance of accessible financing for Asian businesses during a time when a region’s expansion and wealth have fueled an huge direct for some-more stretchable appropriation solutions by borrowers looking to seize a opportunities. With singular non-bank supply, we trust this marketplace presents constrained opportunities for choice credit providers like KKR,” pronounced Brian Dillard, conduct of Asia Credit during KKR.

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