TODAY'S BUSINESS HEADLINES

BSP survey shows business optimism at all-time high in 2Q

San Miguel acquires a third of chairman's cement company

AboitizPower to spend P125 billion on new plants

PSEi slides near 7,300-mark as investors worry over poor China factory data, end to Fed bond-buying

Peso slumps to 41.6:$1 level

KKR raises $3 billion for second Asia fund

Henry Kravis. REUTERS

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CHICAGO - Kohlberg Kravis Roberts, the private equity company, has raised more than $3 billion for its second Asia fund, according to a securities filing.

 

Of that amount, $2.76 billion came from U.S. and non-U.S. investors, while $250 million has been committed by its general partners, KKR said in a filing dated June 22.

The New York-based firm is setting up its first deals team in Singapore as the U.S. private equity firm seeks to invest about $1 billion in Southeast Asia through its second Asia fund, sources with knowledge of the matter told Reuters earlier.

 

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