KKR Said to Raise $800 Million for China Fund, Joins Blackstone

KKR & Co., whose shares will start trading on the New York Stock Exchange today, is seeking to raise $800 million to invest in China, Asia’s biggest private-equity market, two people with knowledge of the matter said.

The KKR China Fund will focus on growth-capital investments, the people said, asking not to be identified because the information is private. Richard Barton, a Hong Kong-based spokesman at KKR’s public relations firm Kreab Gavin Anderson, declined to comment.