KKR Seeks Up to $6 Billion by Year-End in Test of Demand

KKR & Co. is seeking $5 billion to $6 billion by year-end for its next private-equity fund, according to two people with knowledge of the firm’s plans, an effort whose outcome may signal how competitors will fare in attracting new cash.

KKR, which has already gathered $4 billion for the fund, is aiming for a final target of about $10 billion, said one of the people, who asked not to be named because the information is private. The fund will focus on deals in North America.