Core Viewpoint - KKR has successfully launched a RMB fund, marking a significant shift in the domestic dollar fund landscape, with several VC firms also initiating fundraising for dollar funds [2][3][4]. Group 1: KKR's RMB Fund - KKR has established the Kai De Shi Pu (Shanghai) Private Investment Fund Partnership, with a total fund size of approximately 410.12 million RMB [3]. - The major contributors to the fund include Ping An Capital, which invested about 327 million RMB, accounting for 79.78% of the total [3]. - The fund's management is handled by Kai De Shang Pu (Shanghai) Enterprise Management Co., Ltd., which is controlled by KKR Hong Kong [3]. Group 2: Changes in Fundraising Landscape - Recent reports indicate a resurgence in dollar fundraising, with six VC firms, including Lightspeed and Monolith, actively seeking to raise dollar funds [2][8]. - In Q1 2025, 988 RMB funds were raised, totaling approximately 34.26 billion RMB, while only four foreign currency funds raised about 446.8 million RMB during the same period [7]. - The Chinese government has introduced measures to encourage foreign investment in equity, which may positively impact the fundraising environment for foreign funds [7]. Group 3: KKR's Market Position - KKR, established in 1976, is one of the largest alternative asset management firms globally, with assets under management of approximately 664 billion USD (about 4.8 trillion RMB) [5]. - Despite a less active presence in China compared to peers like Blackstone and Carlyle, KKR has been involved in notable IPOs, such as Zhenjiu Li Du and Guai Bao Pet, in 2023 [4].
KKR募集人民币了
投资界·2025-07-21 07:43