KKR's flagship fund attracts $400 mn from NPS, Korea Post

KKR North America Fund XIII raises $18.5 bn

(Source: Getty Images Bank)
(Source: Getty Images Bank)
Jun-ho Cha and Jung-hwan Hwang 1
May 21, 2021 (Gmt+09:00) chacha@hankyung.com
[Exclusive] Buyout funds

KKR & Co. has attracted a combined $400 million from the National Pension Service and Korea Post for its latest flagship fund that raised $18.5 billion at its final close.

The NPS has committed $300 million and Korea Post $100 million to KKR North America Fund XIII, according to investment banking sources on May 21. It is the US investment firm's largest buyout fund since its $17.6 billion fund launched in 2006. 

Its two prior funds focused on North America -- the $13.9 billion KKR Americas XII and the $9 billion KKR North America Fund XI -- had returned 1.42 times and 2.08 times their investors’ money, respectively, as of September, according to a Reuters report.

In January this year, KKR Asia Real Estate Partners had raised around $400 million from the NPS and a few other Korean institutional investors. The fund made its final close at $1.7 billion for opportunistic investments.

Almost simultaneously, KKR Asia Pacific Infrastructure Investors had received $130 million in commitments from the Korean Teachers' Credit Union and other Korean firms. The US buyout firm's inaugural Asia infrastructure fund wrapped up its fundraising at $3.9 billion in January.

Write to Jun-ho Cha and Jung-hwan Hwang at chacha@hankyung.com
Yeonhee Kim edited this article.

KKR’s Asia real estate fund draws around $400 mn from Korea

KKR’s Asia real estate fund draws around $400 mn from Korea

Namsan Square in Seoul, bought by a KKR-led consortium in 2020 South Korean institutional investors, including the National Pension Service, have committed around $400 million to KKR’s Asia real estate fund which recently made its final close at $1.7 billion for opportunistic investment

KKR’s $3.9 bn Asia infra fund raises $130 mn from Korea

 KKR’s $3.9 bn Asia infra fund raises $130 mn from Korea

(Getty Images Bank) The Korean Teachers’ Credit Union (KTCU) and financial services firms in South Korea have committed $130 million to KKR & Co.’s inaugural Asia infrastructure fund that raised $3.9 billion in its final close.KTCU has poured $70 million into the latest fund, ac