KKR's Ascendant Fund has surpassed its $4.6 billion hard-cap, according to Craig Larson, head of investor relations. This oversubscription places KKR in a highly favorable position.

Due to the overwhelming interest, KKR is now turning away limited partners (LPs) eager to invest in the fund. The strong demand underscores the confidence investors have in KKR's management and strategy.

The fund's success highlights KKR's robust market presence and ability to attract significant capital. This achievement is a testament to the firm's reputation and the appeal of its investment opportunities.

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