KKR eyes Asean media assets via new platform

Private equity giant KKR has set up a media investment firm, Emerald Media, and plans to use it to seek assets in the Philippines, Thailand and Vietnam, among other destinations, most notably India. The PE firm said yesterday that KKR Asian Fund II had committed $300 million to Emerald Media, a platform that can incubate assets, control or take minority stakes in firms. “We have a base in place to build off,” said Rajesh Kamat, Singapore-based managing director at Emerald Media,…