KKR is reportedly about halfway to its $3bn goal for its debut Asia infrastructure fund as it continues to expand its exposure to alternative assets in the region.
The buyout giant has rounded up about $1.5bn for the vehicle so far according to Reuters, which cited an unnamed person it said had direct knowledge of the matter.
KKR has about a dozen people in the region focused on infrastructure, according to the report, and made its first investment in the sector in May with a $400m deal taking control of India Grid Trust.
KKR is also believed to be prepping to raise the follow-up to its $9.3bn third Asian private equity fund from 2017, and is out targeting up to $1.5bn for its first real estate fund in the region.
A report from Buyouts said the PE fund could formally launch as early as Q4 this year, with media reports pegging the fundraising goal for that vehicle at up to $15bn.
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