KKR Closes $2.5B Asia Private Credit Fund
KKR has closed its second Asia private credit fund, KKR Asia Credit Opportunities Fund II (ACOF II), with $2.5 billion in capital, including approximately $700 million raised through separately managed accounts. The vehicle is now the largest pan‑regional performing private credit fund in Asia Pacific, surpassing the $1.1 billion KKR collected for its inaugural Asia-focused private credit fund in 2022.
To date, KKR has completed 10 investments through ACOF II, committing $1.9 billion across the fund and other capital pools, with total transaction volume reaching $4.6 billion. Consistent with its predecessor, ACOF II focuses on performing private credit, including direct lending opportunities and asset‑backed structures.
The KKR Asia Credit strategy targets a broad opportunity set across Australia, Greater China, India, Japan, South Korea, New Zealand, and Southeast Asia. Since 2019, the platform has closed more than 60 credit investments in the region, representing roughly $8.3 billion of KKR capital and an aggregate transaction value of $27.5 billion.
“Our pan-Asia approach and ability to leverage the broader KKR Asia platform uniquely positions us to continue sourcing and executing interesting opportunities across the region for our investors,” said Diane Raposio, partner and head of Asia Credit & Markets at KKR.