In 2020, KKR & Co. Inc.’s global fundraising increased 72% year over year to reach a firm record of $44 billion, with Asia strategies the driver, representing about 40%, or $17 billion, of the total.

Scott Nuttall, co-president, co-COO and director, explained on an earnings call Feb. 9 that Asia emerged from the pandemic more quickly than other parts of the world. “And so we are kind of seeing more regular activity levels on the ground in a number of those markets.”

The firm highlighted the growth of its real estate platform, which increased assets under management to $25 billion, from $9 billion the prior year, “driven by new capital raised in our Asia and Americas opportunistic strategies as well as core-plus real estate,” added Craig Larson, partner and head of investor relations. Additionally, Asia real estate and Asia infrastructure funds both held final closes in the 2020 fourth quarter.

Over the next two years, KKR intends to raise capital for about 20 additional strategies, including healthcare and technology growth, dislocation, private real estate investment trusts, real estate credit, collateralized loan obligations and hedge fund partnerships.


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Source: S&P Global

By Drew Wilson