KKR raises $6 billion in new Asia fund, region's largest

HONG KONG, July 10 Tue Jul 9, 2013 9:11pm EDT

HONG KONG, July 10 (Reuters) - KKR & Co has raised $6 billion in a new Asia private equity fund, making it the region's biggest buyout fund, the U.S.-based firm said in a statement on Wednesday.

The Asian II Fund marks KKR's third private equity fund-raising in the region, following a $4 billion fund raised in 2007 and a $1 billion China Growth Fund in 2010, the statement added.

KKR has invested more than $5 billion in Asia since 2005.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.