Funds

KKR invests in Chinese aquatic feed company

Guangdong-based Yuehai and KKR are partnering to expand the company’s operations and provide safe and high-quality aquatic feed to the country’s large base of fish farmers and suppliers.

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KKR has invested in Yuehai Feed Group, China’s largest manufacturer of high-end special aquatic feed products. The size of the investment was about $100 million, a source with knowledge of the deal told Agri Investor.

The investment comes from KKR’s China Growth Fund, a 2010-vintage vehicle that raised $1 billion, and which is about 70 percent committed. The fund makes growth equity investments in China, Hong Kong and Taiwan, and typically invests between $30 million to $75 million in its portfolio companies.

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