KKR, Barings close private debt funds

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By David Bell
09 Jan 2018

KKR closed fundraising for a $2.24bn global private credit fund on Monday that will target private junior and mezzanine corporate debt as well as asset-backed financing, while on Tuesday Barings said it had closed a $1.85bn fund that will invest in private senior secured middle market loans.

The two funds have been closed as more firms eye higher yielding private credit markets.

In a statement, KKR said that the firm had raised money from new and existing investors including public pensions, sovereign wealth funds, insurance companies, banking platforms, family offices and high net worth individuals.

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