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Laxman Pai, Opalesque Asia:

Kohlberg Kravis Roberts & Co. (KKR & Co.) Inc., an American global investment company that manages multiple alternative asset classes, has reached an $8 billion close on its sixth European fund-the biggest by a US firm to target the region-as it looks to further target digitization and demographic trends in the region.

The New York-headquartered firm that manages investments such as private equity, energy, infrastructure, real estate, credit strategies, and hedge funds said that European Fund VI is larger than its predecessor fund, KKR European Fund V, which closed with $6.3 billion in 2019.

The fund will target investments into developed economies in Western Europe, capitalizing on "structural trends" transforming the local economy including digitization, sustainability, and healthcare, KKR said in a press statement.

"The new Fund will be focused on private equity investments primarily in the developed economies of Western Europe," it said.

Philipp Freise, Co-Head of KKR European Private Equity, said: "KKR has been investing in Europe for nearly twenty-five years and we believe the opportunity today has never been greater. We see enormous potential for transformational investment behind structural trends that are reshaping the European economy, including digitalization, healthcare, and sustainability."

According to the media release, KKR's successful track record in Europe is based on a combination of a strong on-the-ground ......................

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