Exclusive: KKR raising first Asia real estate fund, targeting $1.5 billion - sources
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HONG KONG (Reuters) - Global investment powerhouse KKR & Co Inc is raising its first Asia-focused real estate fund, targeting $1.5 billion (£1.14 billion) as it looks to deepen its real estate portfolio in the region, said people with knowledge of the matter. The New York-headquartered private equity firm is moving towards first-close of the fund late in the second quarter, the people said, declining to be named as the information is confidential.The firm itself will commit about $250 million..