KKR said 25 May that it has closed a new credit fund focused on the Asia market, as the New York-listed investment firm continues to grow in the region, where economic growth has proved particularly resilient since the pandemic started.

The new fund, called the KKR Asia Credit Opportunities fund, received financing from new and existing investors, including public and corporate pensions, sovereign wealth funds, commercial banks, insurance companies, asset managers and private investment groups, and family offices, KKR said in a statement.