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KKR raises $400m for new HNW PE fund

KKR & Co’s new international private equity fund for high net-worth investors has so far attracted $400 million from clients, according to a report by Bloomberg, citing information from the firm’s co-chief executive officer Joe Bae.

The report quotes Bae as revealing at an investor conference on Thursday, that KKR is also planning to launch a private equity fund for US retail investors in the current quarter, along with an infrastructure fund for US retail clients.

According to Bae the alternative industry could potentially attract $9 trillion to $10 trillion of the estimated $180 trillion of wealth currently in the hands of private individuals.

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