KKR Plans $6B Pan-Asia Fund

Kohlberg Kravis Roberts & Co. is planning to launch a new pan-Asia fund to raise as much as $6 billion in the first quarter of 2012, Reuters reported. KKR is not as far progressed with its plans as TPG Capital, which set a mid-October launch date for its Asia fund of up to $5 billion, or Bain Capital, which is already raising a new Asia fund of at least $2 billion. KKR's existing Asia fund is among the largest ever raised by a private equity firm for the region, along with a $4.12 billion fund raised by CVC Capital Partners Asia in 2008, and TPG's $4.25 billion TPG Capital Partners V fund raised in 2008, data provider Preqin says.

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