Kohlberg Kravis Roberts & Co. (KKR) has reportedly reached a first close of US$3 billion for its second pan-Asian private equity fund. The fund, which is targeting total commitments of US$6 billion, will focus on consumer goods, manufacturing, healthcare and infrastructure projects and includes a US$1 billion target allocation to Southeast Asia. Separately, Indian aviation services provider Air Works announced that it received INR1.2 billion (approximately US$22 million) in structured debt financing from KKR to fund its acquisition of Dubai-based Empire Aviation Group.