KKR, Barings close private debt funds

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KKR, Barings close private debt funds

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Public and Private directions. Opposite traffic sign. | Mark Rubens/Zerophoto - Fotolia

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.

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