New York State Common backs KKR Asia for at least $275 mln

Asia, Hong Kong, China, Private equity, New York State Common Retirement Fund, pension fund
A participant walks past a poster at the Asian Financial Forum in Hong Kong January 20, 2010. REUTERS/Bobby Yip
  • NYS’s second commitment to an Asia-focused fund this year
  • KKR seeking $7 bln for Asia Fund III
  • Previous fund netting 26 pct IRR, per Minnesota docs
New York State Common Retirement Fund will commit at least $275 million to KKR Asian Fund III, according to an investment disclosure the system released. The commitment could be expanded up to $300 million. The commitment to Kohlberg Kravis Roberts ...

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