Wong Ka-Chun

Oct 25, 2024 | ionanalytics.com | Jessica Wong |Wong Ka-Chun |Keane Hoo

KKR’s global climate fund is approaching an initial close at almost USD 3bn in commitments, according to three sources. The target range is set at USD 6bn to USD 7bn. A hard cap has not been fixed. The initial close will be held before year-end, after which the KKR Global Climate Fund hopes to hit a first close in March 2025, the sources said.

Aug 22, 2024 | ionanalytics.com | Shaun Drummond |Wong Ka-Chun |Edith Leung

KKR is one of several shortlisted parties in the USD 2.5bn sale of Asia-Pacific logistics business, Loscam, three sources familiar said. Macquarie Asset Management and EQT are likely among the others, one source added. Non-binding offers were lodged in mid-July. Victoria, Australia-based Loscam is one of Asia-Pacific’s leading pallet pooling companies.

Jul 29, 2024 | ionanalytics.com | Wong Ka-Chun |Tim Burroughs |Edith Leung

Blackstone [NYSE:BX] has told investors it will target USD 10bn for its third pan-Asian fund, which will likely launch in the final quarter of 2024, according to two sources familiar with the situation. This will form part of a larger pool of capital for deployment in the region, so the firm expects to end up with around the same as the USD 11bn it has in the current cycle, the second source added. Formal marketing will commence in September at the earliest, the sources said.

Jun 4, 2024 | ionanalytics.com | Wong Ka-Chun |Arezki Yaiche |Jane He |Eva Ng

LVMH Moët Hennessy Louis Vuitton [EPA:MC]’s sale of DFS Group is likely to take place this summer (Northern Hemisphere) at the earliest, according to four sources familiar with the situation. The EUR 371.2bn (USD 404.9bn)-market cap global luxury goods conglomerate, together with the deal’s sell-side advisor Morgan Stanley, has sounded out some potential bidders in preparation for the proposed sale, which may launch within the next two or three months, they said.

May 24, 2024 | ionanalytics.com | Wong Ka-Chun |Edith Leung

South Korean private equity firm Hahn & Company is set to reach a final close of approximately USD 3.2bn on its fourth flagship buyout fund at USD 3.2bn in the second week of July, according to three sources familiar with the situation. The sources, who put the exact final close date as July 11, said the final close amount would likely be slightly above the USD 3.2bn target.