KKR amasses record $6 billion for Asian deals

Kohlberg Kravis Roberts Co said on Wednesday it has collected a record $6 billion from investors for deals in Asia at a time when many of the region’s companies are struggling to secure capital.

KKR is looking to spend the money on Asian companies benefiting from rising consumption across the region, such as retailers, education and healthcare providers.

Private equity practitioners say now is a favourable time to invest as companies usually awash with financing options are struggling to capitalise on Asia’s growth story. Companies are hesitant to tap volatile equity and debt markets roiled by the prospect of rising US interest rates, meanwhile loans have become...