The target for the private equity firm's new fund eclipses its previous $9.3 billion Asia Fund III in 2017.
American global investment firm KKR is aiming to raise a record $15 billion for its new Asia-focused buyout fund, sources with knowledge of the matter told «Reuters» on Thursday.
Fundraising will begin in 2020, with a first close targeted for June, the report said.
New Co-Leads
In September, KKR announced that Hiro Hirano and Ashish Shastry would be promoted to co-leads of its Asia-Pacific private equity business, as part of a new management structure. They report to Ming Lu, head of Asia Pacific.
The pair will continue to hold their current positions: Shastry as Southeast Asia head, based in Singapore, and Hirano as CEO of KKR Japan, based in Tokyo.
As of end-June, KKR had $75 billion in private equity assets under management globally.
