KKR (NYSE:KKR) announced on Thursday the completion of a $2.5 billion fundraise focused on committing capital to privately originated performing credit investments in Asia Pacific.

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The fundraising includes $1.8 billion in KKR Asia Credit Opportunities Fund II (ACOF II) and $700 million raised from separately managed accounts focused on the same types of investment opportunities.At close, the fund ranks as the largest pan-regional performing private credit fund in Asia Pacific. The milestone builds on KKR's first Asia Pacific-dedicated private credit vehicle, the KKR Asia Credit Opportunities Fund, which raised $1.1 billion in 2022 to become the largest inaugural pan-regional fund focused on performing credit. To date, KKR's Asia Credit platform has completed 10 investments through ACOF II, representing $1.9 billion in KKR commitments, alongside additional capital pools, and generating total ...