WLTW

Willis Towers Watson Public Limited Company

231.56
USD
-1.19%
231.56
USD
-1.19%
197.63 271.87
52 weeks
52 weeks

Mkt Cap 28.85B

Shares Out 124.61M

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KKR raises $1.1 bln in debut Asia credit fund

SINGAPORE, May 25 (Reuters) - U.S. private equity firm KKR KKR.N has raised $1.1 billion in its inaugural Asia credit fund that provides debt financing to companies. KKR said in a statement on Wednesday the Asia Credit Opportunities Fund, which saw its final close, is one of the largest inaugural pan-regional credit funds raised for Asia Pacific. Ming Lu, KKR's Asia Pacific head, said Asia was benefiting from favourable macroeconomic trends and long-term growth but financing options available to companies looking to keep pace with this rapid growth were limited. "We believe these dynamics provide an attractive landscape for alternative asset managers like KKR who are able to provide more flexible and differentiated credit solutions than traditional lenders," Lu said in the statement. (Reporting by Anshuman Daga; Editing by Muralikumar Anantharaman) ((anshuman.daga@tr.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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