Kohlberg Kravis Roberts & Co. (KKR) intends to expand into Hong Kong using its $2 billion special situations fund, Financial Times reports. The buy-out group plans to launch the fund in Hong Kong over the coming six to nine months.
The move is aimed at profiting from investments in distressed and over-indebted companies. It results from the U.S. private equity group’s apparent belief that the Chinese economy would slow down.
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