US private equity group KKR plans to boost its exposure to Japan, taking advantage of low corporate valuations and weakness in the yen to increase its investment in the country.
The New York-based investor, which manages nearly $500bn in assets including a $15bn Asian private equity fund, wants to invest more of the firm’s own balance sheet directly into Japan and fast-growing Asian international hubs such as Singapore.
“Our commitment to Japan continues to go up, not only in private equity but in real estate, infrastructure and our credit business,” said Henry McVey, chief investment officer of KKR’s $25bn balance sheet, told the Financial Times in an interview.