KKR concentrates on domestic demand
Kohlberg Kravis Roberts & Co LP, one of the largest private equity firms in the world, has great confidence in the Chinese market, especially in sectors related to domestic demand.
"We are long-term investors in China. We believe that over time, the restructuring of the Chinese economy and continuing urbanization will lead to an increase in domestic consumption, which will in turn generate attractive investment opportunities," said David Liu, a partner at KKR and chief executive officer of KKR Greater China.
The company announced the closing of the Asian II Fund totaling $6 billion earlier this month, the largest-ever pan-Asian private equity fund. About 60 percent of this fund came from the limited partners, who also invested in its Asian I Fund totaling $4 billion in 2007.