KKR & Co. has geared up on operations in Japan despite the Covid-19 pandemic with an array of plans and future investments.
According to Hirofumi Hirano, the head of the firm- KKR has made plans in partaking transactions made by corporations and manufacturers, eyeing on under-exploited land assets. Additionally, there remains a reluctance for the management induced by the coronavirus pandemic, he said.
Under his guidance, KKR has made an investment of at least ¥1tn ($9.4 billion) in Japan in a hope to be an agent of change. With many of the Japanese companies are in the process of digitization of their businesses, KKR is expanding by strengthening its team.
The U.S. buyout firm is open to opportunities in order to expand into real estate and infrastructure as Japan continues to be an important region in Asia and tapping into developments around partnerships with current owners is the need of the hour.
Earlier in May, the firm had raised $950 million dedicated to investing in risky new commercial mortgage-backed securities affected by the pandemic. The firm’s expansion is accelerating with a lot of restructuring and relieving non-core assets in the market.