KKR Said to Seek Up to $6 Billion for Second Asia Fund

KKR & Co., the U.S. buyout firm co-founded by Henry Kravis, is seeking as much as $6 billion for its second Asian buyout fund, according to a person with direct knowledge of the plan.

The firm, based in New York, is planning to wrap up the first round of fund-raising by the middle of next year, said the person, who asked not to be identified because the talks are private. KKR’s first fund for investments in Asia, completed in 2007, gathered $4 billion, the low end of the target for the new pool.