KKR, Sino-Ocean Putting $140M in China Real Estate

Kohlberg Kravis Roberts & Co. and Sino-Ocean Holdings have teamed up to invest $140 million in China real estate, Reuters reported Monday. Both have agreed to put $70 million into the new fund. Sino-Ocean is investing in the fund with its subsidiary Gemini Investments Holdings and KKR is investing through KKR China Growth Fund L.P., Reuters wrote.

(Reuters) – Kohlberg Kravis Roberts and Sino-Ocean Holdings have established a $140 million fund to invest in China real estate, the companies said on Monday.

Sino-Ocean is investing in the fund with its subsidiary Gemini Investments Holdings and KKR is investing through KKR China Growth Fund L.P.

Sino-Ocean and KKR have each agreed to make a capital commitment of $70 million to the fund, they said. (Reporting by Stephen Aldred and Clement Tan; Editing by Dan Lalor)