KKR & Co Inc has raised nearly $6bn for its second Asia Pacific infrastructure fund at the first-close, marking the biggest ever private equity fundraising for the sector in the region.

The latest fundraising comes after the U.S private equity firm deployed most of the $3.9 billion capital raised in its debut Asia infrastructure fund that reported its final-close in January 2021, said one of the sources.

BlackRock Inc said on Tuesday that it had raised $4.5 billion out of an overall $7.5 billion-target for a new global fund to invest in infrastructure assets aimed at climate-focused projects.

In May, Macquarie Asset Management said it had received more than $4.2 billion in investor commitments at the final-close of its third Asia Pacific regional infrastructure fund, exceeding the fund’s S3 billion target.

Read more: Yahoo Finance