KKR Raises USD2.5bn for Asia-Pacific Performing Private Credit Strategy

KKR has raised USD2.5bn for an Asia-Pacific performing private credit strategy as investors, including family offices and institutions, seek yield outside public markets.

The capital includes USD1.8bn for KKR Asia Credit Opportunities Fund II and USD700m from separately managed accounts targeting similar opportunities, the firm said.

KKR described ACOF II as the region’s largest pan-regional performing private credit fund, following its first Asia-dedicated vehicle that closed at USD1.1bn in 2022.

The manager has already signed 10 investments for ACOF II, representing USD1.9bn of KKR commitments and USD4.6bn in total transaction volume.

The Asia-Pacific performing private credit strategy will invest across direct lending, capital solutions and collateral-backed transactions.

KKR manages about USD282bn of credit assets globally as of Sept. 30, 2025.