Deals
KKR Emerging as Asia Buyout Winner Beating Carlyle, TPG
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KKR & Co. is emerging as the global private-equity winner in Asia, beating rivals Carlyle Group LP and TPG Capital in the performance of funds started since 2006 and their latest money-raising efforts.
KKR’s first Asia fund, a $4 billion pool from 2007, is producing a 14 percent net internal rate of return, according to a regulatory filing. The New York-based firm, run by Henry Kravis and George Roberts, plans to hit the $6 billion target for its second Asia fund by June, after beginning marketing last year. It’s the fastest finish for a pool its size in Asia, while Carlyle and TPG have been slower to gather fresh capital.