KKR Asia fund draws 75% new investors

KKR & CO raised three-quarters of its $2.5-billion Asia private credit fund from new investors, as deepening economic decoupling pushes firms to broaden exposure and hedge geopolitical risk,according to top executives.

- CATHY CHAN

Diversification has been a central theme in conversations with global insurance firms, sovereign wealth funds and pensions that are turning to Asia for yield as pockets of the US and European credit markets look increasingly crowded, Diane Raposio, head of Asia credit and markets, said in an interview.