KKR & Co. is raising a second Asia real estate fund, targeting $2 billion to $2.5 billion to spend across the region, according to people familiar with the matter.
The new fund has amassed about $600 million since late 2022, and the US investment firm is seeking to finish fundraising by the end of 2024 to early 2025, said the people, who asked not to be identified as the matter is private.
Similar to KKR’s first Asia real estate fund, which closed in January 2021, the second will deploy an opportunistic strategy as it invests in property assets in markets including Japan, Australia and Southeast Asia, one of the people said.
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