KKR Asian Fund IV’s $15 Billion Fund Formation

Cleary Gottlieb represented Kohlberg Kravis Roberts & Co. in the transaction.

Kohlberg Kravis Roberts & Co. executed the formation of KKR Asian Fund IV (“Asia IV”), KKR’s fourth Asian buyout fund and the world’s largest Asia-focused private equity fund ever raised. Asia IV held its final closing with $15 billion in aggregate subscribed commitments. The fund focuses on leveraged buyouts, management buyouts and platform build-ups in Asia.

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR launched its Asia Pacific platform in 2005, and today has over US$30 billion in assets under management in the region across strategies, including private equity, infrastructure, real estate and credit. KKR’s Asia Pacific Private Equity portfolio currently includes investments in approximately 60 companies in 11 countries across the region.

The New York and Hong Kong based Cleary investment fund team on the transaction included partners Liza Lenas (Picture), Ken Blazejewski, Chris Lee, and Jamal Fulton, associates Citrine Ho, Emily Alfano, Brooks Coe, Melody Aaron, Laura Nie, Laura Qiu, Ahsan Sayed, and Adam McCoy, and law clerks Diana Ayoub and Sophia Yang. The Cleary tax team included partner Jason Factor and associate Sheridan DuPont. Partner Michael Albano and associate Ashley Powell advised on executive compensation, and employee benefits matters; Washington, D.C. based senior attorney Patrick Fuller advised on AML matters; and senior attorney Elizabeth Chang advised on Blue Sky rules. Managing funds attorney Jodi Erickson, senior corporate staff attorney Erin Murty, and corporate staff attorneys Yvonne Dompierre, Jingjing Cui, and Brian Healey provided valuable assistance.

Involved fees earner: Melody Aaron – Cleary Gottlieb Steen & Hamilton; Michael Albano – Cleary Gottlieb Steen & Hamilton; Emily Alfano – Cleary Gottlieb Steen & Hamilton; Kenneth Blazejewski – Cleary Gottlieb Steen & Hamilton; Elizabeth Chang – Cleary Gottlieb Steen & Hamilton; Chris Churl?Min Lee – Cleary Gottlieb Steen & Hamilton; Brooks Coe – Cleary Gottlieb Steen & Hamilton; Jingjing Cui – Cleary Gottlieb Steen & Hamilton; Yvonne Dompierre – Cleary Gottlieb Steen & Hamilton; Virginia DuPont – Cleary Gottlieb Steen & Hamilton; Jodi Erickson – Cleary Gottlieb Steen & Hamilton; Jason Factor – Cleary Gottlieb Steen & Hamilton; Patrick Fuller – Cleary Gottlieb Steen & Hamilton; Jamal Fulton – Cleary Gottlieb Steen & Hamilton; Brian Healey – Cleary Gottlieb Steen & Hamilton; Citrine Ho – Cleary Gottlieb Steen & Hamilton; Elizabeth Lenas – Cleary Gottlieb Steen & Hamilton; Adam McCoy – Cleary Gottlieb Steen & Hamilton; Erin Murty – Cleary Gottlieb Steen & Hamilton; Ashley Powell – Cleary Gottlieb Steen & Hamilton; Laura Qiu – Cleary Gottlieb Steen & Hamilton; Ahsan Sayed – Cleary Gottlieb Steen & Hamilton;

Law Firms: Cleary Gottlieb Steen & Hamilton;

Clients: KKR;

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Martina Bellini

Author: Martina Bellini