KKR Secures $2.5 Billion for Second Asia Private Credit Fund as…

Team S · 2026-01-21T14:44:11.000Z

Global investment firm KKR has successfully closed $2.5 billion for its second Asia-focused private credit fund, underscoring strong investor demand for performing credit strategies across the Asia-Pacific region. The fundraise nearly doubles the size of KKR’s first Asia Pacific private credit vehicle, which closed at $1.1 billion in 2022 and sets a new benchmark for pan-regional credit funds dedicated to privately originated performing credit. The new capital comprises $1.8 billion committed to the KKR Asia Credit Opportunities Fund II (ACOF II) and an additional $700 million raised via separately managed accounts targeting similar types of performing credit investments. At final close, ACOF II has become the largest pan-regional performing private credit fund in Asia Pacific, reflecting both broad institutional interest and deepening appetite for tailored credit solutions in markets ranging from Japan and India to Southeast Asia. KKR’s Asia Credit platform has already executed multiple investments through ACOF II, with approximately $1.9 billion of commitments and a total transaction volume nearing $4.6 billion, highlighting early deployment momentum and diversified deal flow. The fund will primarily target senior and unitranche direct lending, capital solutions, and collateral-backed investments, providing bespoke private credit financing to companies and financial sponsors across the region. KKR’s Asia credit strategy has been active since 2019, completing more than 60 investments and deploying roughly $8.3 billion in capital with a cumulative transaction value of about $27.5 billion, signalling the firm’s long-standing commitment to Asia’s expanding credit landscape.

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KKR Secures $2.5 Billion for Second Asia Private Credit Fund as… | Newnex