KKR & Co. has plans to launch its first Asia-focused real estate fund, targeting an equity fundraise of $1.5 billion, according to Reuters, citing people with knowledge of the matter.
The firm itself will commit approximately $250 million in capital. A first close is expected to be held during the second quarter.
KKR has been active in the Asian region. And earlier this month, KKR appointed Kate Richdale as member and head of strategy and business development in Asia Pacific.
KKR has committed approximately $2 billion in equity and debt across nearly 50 real estate transactions in the region including South Korea, Australia, China and India since 2011. In October, KKR acquired its third office property in Seoul with its partners South Korea’s National Pension Service and IGIS Asset Management. The project will include office space, retail space a
