KKR Secures $2.5 Billion for Second Asia Private Credit Fund

KKR & Co. closed its second Asia-focused credit fund late December, securing $2.5 billion in total investments, according to people familiar with the matter.

The Asia Credit Opportunities Fund II final close includes $700 million from separately managed accounts, the people said, who asked not to be identified discussing private matters. The vehicle is a performing credit fund designed to deploy capital into deals targeting returns in the low-to-mid-teens, Bloomberg News reported in November.