Around $1 billion will be invested in Asia by Mubadala and KKR

KKR & Co and Abu Dhabi state fund Mubadala Investment Co said they had entered into an agreement to invest about $1 billion in Asia. The agreement, announced on Sunday, will see the two firms investing across performing private credit opportunities in the Asia Pacific region. Mubadala, which manages $243 billion in assets, said in a joint statement it would deploy its capital alongside KKR’s existing pools of capital, including capital from the KKR Asia Credit Opportunities Fund, a $1.1 billion credit investment vehicle KKR closed in May.

Read the original article in Zawya: Mubadala, KKR to invest about $1 billion in Asia