KKR Says More US Capital Flowing to Asia as Dollar Weakens (1)

Global investors with heavy US exposure are steadily shifting more capital to Asia as the dollar loses steam and the region’s fundamentals shine, according to the co-chief executive officer of KKR & Co.

While the rebalancing doesn’t amount to a US retreat, global investors are channeling their “incremental dollar” to Asia, where capital raising and data-center infrastructure are emerging as major themes, Joe Bae said. The region’s institutions remain underweight in alternative investments, and its vast household savings offer a major source of capital, he said.

“As the dollar weakens and other markets like Asia continue to have these fundamental ...