KKR Completes $2.5 Billion Fundraise for Asia Pacific Private Credit Investments
KKR has completed a $2.5 billion fundraise for Asia Pacific private credit investments, comprising $1.8 billion for KKR Asia Credit Opportunities Fund II and $700 million from separately managed accounts. The fund represents the largest pan-regional performing private credit fund in Asia Pacific and has already signed 10 investments worth $1.9 billion in KKR commitments. Since 2019, KKR has completed over 60 Asia credit investments totaling $8.3 billion in firm investment and $27.5 billion in total transaction value.
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KKR has successfully completed a $2.5 billion fundraise to back privately originated performing credit investments across the Asia Pacific region, establishing the largest pan-regional performing private credit fund in the area.
Fund Structure and Scale
The fundraise comprises two key components that demonstrate the scale of investor interest in Asia Pacific private credit opportunities:
| Component: | Amount |
|---|---|
| KKR Asia Credit Opportunities Fund II: | $1.80 billion |
| Separately Managed Accounts: | $700.00 million |
| Total Fundraise: | $2.50 billion |
This achievement follows KKR's inaugural Asia Pacific dedicated private credit fund, which raised $1.10 billion in 2022 and was the largest inaugural pan-regional fund focused on performing credit at that time. Performing private credit refers to loans made to companies that are current on repayments, unlike distressed or special situation credit.
Investment Activity and Market Presence
KKR's Asia credit platform has demonstrated strong momentum with significant investment activity already underway. The firm has signed 10 investments through the second fund, representing substantial capital deployment:
| Investment Metrics: | Value |
|---|---|
| KKR Commitments: | $1.90 billion |
| Total Transaction Volume: | $4.60 billion |
| Asia Credit Investments Since 2019: | 60+ deals |
| Total KKR Investment Since 2019: | $8.30 billion |
| Total Transaction Value Since 2019: | $27.50 billion |
The investments span multiple sectors including healthcare, education, real estate, logistics and infrastructure across Australia, Greater China, India, Japan, Korea, New Zealand and Southeast Asia.
Strategic Focus and Market Opportunity
The fund will concentrate on performing, privately originated credit across three core investment themes:
- Senior and unitranche direct lending - combining senior and subordinated debt into single facilities
- Capital solutions - providing flexible financing alternatives
- Collateral-backed investments - secured lending opportunities
Diane Raposio, partner and head of Asia Credit and Markets at KKR, emphasized that Asia represents a key pillar of KKR's global credit strategy. Growing investor demand for credit allocations in the region reflects both structural growth and the need for flexible, non-bank financing solutions.
Investor Base and Global Platform
The latest fund attracted commitments from a diverse institutional investor base, including insurance companies, sovereign wealth funds, pension funds, family offices, banks and asset managers. This broad participation reflects the growing institutionalization of private credit in the Asia Pacific region.
Globally, KKR has built one of the largest credit investment platforms over the past two decades. As of September 30, 2025, the firm's credit assets under management totaled approximately $282.00 billion:
| Credit Asset Category: | Assets Under Management |
|---|---|
| Leveraged Credit: | $143.00 billion |
| Private Credit: | $131.00 billion |
| Strategic Investments: | $8.00 billion |
| Total Credit Assets: | $282.00 billion |
KKR employs around 250 credit investment professionals across 12 offices worldwide and operates through multiple business lines including private equity, credit, real assets and insurance via its Global Atlantic Financial Group unit.
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