KKR reportedly won’t pursue second small-cap China fund
October 05, 2016
New York, NY | PE/Buyout
KKR will not raise a successor to the firm’s China Growth Fund, which closed on $1 billion in 2011, according to a Reuters report. The firm plans to move away from deals in the $50 million to $100 million range that it pursued with the first China-focused growth fund and will instead pursue larger investments in the region with its KKR Asian Fund III, for which the firm is currently seeking to raise up to $7 billion in commitments.