KRR closes largest inaugural pan-Asia credit fund USD1.1bn

Private equity major KKR & Co has announced the final close of its inaugural KKR Asia Credit Opportunities Fund (ACOF) at USD1.1bn, making it one of the largest inaugural pan-Asia credit funds to date. The fund, which focuses on high performing privately originated credit investments in Asia Pacific, is KKR’s continued buildout in the region. KKR invested over USD100m in the fund, alongside external investors, through its balance sheet and employee commitments. The ACOF targets opportunities across three primary investing themes, including senior and unitranche corporate lending, subordinated corporate lending, and asset-based finance investments. KRR Asia-Pacific head Ming Lu sees limited financing options to keep pace with “rapid growth” in Asia as it continues to benefit from favourable macroeconomic trends.