KKR just added $9.3b to Asia’s dry powder

Money waiting to be deployed is weighing on investors’ returns and pushing up buyout valuations. In response KKR’s is switching gear to put money to work faster.

KKR just added $9.3b to Asia’s dry powder

Investors in Asian private equity funds have a growing problem their money is sitting around too long and returns are dwindling.

KKR said on Friday it had raised another $9.3 billion, swelling the $110 billion of so-called dry powder that Asia-focused private equity firms are looking to deploy in the region according to data provider Preqin. see graph below.

As the firm looks at ways of putting KKR Asian Fund...

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