KKR & Co Inc raises $18.5 billion for flagship North America private equity fund

According to a source familiar with the matter at hand, KKR & Co Inc has collected $18.5 billion for its latest flagship North America private equity fund, in what is slated to be its biggest-ever fund in less than five months.

The fundraising was wrapped up relatively quickly by industry standards, and came at a time when travel was limited due to the Coronavirus-induced COVID-19 pandemic underscoring investor demand for private-equity funds that promise to outperform the booming stock market.

According to sources, KKR has raised nearly $17 billion for KKR North America Fund XIII from investors including family offices, sovereign wealth funds, and public and private pension funds. Further, an additional $1.5 billion has been committed to the fund by KKR and its employees, said sources.

While the fund attracted $24 billion in commitments from investors, KKR decided to scale it back in order to deploy the capital selectively over the next few years, said sources.

A spokeswoman for KKR declined comment.

Led by co-founders Henry Kravis and George Roberts, KKR had $349 billion in assets under management as of April 2021, including the portfolio of annuities and life insurance provider Global Atlantic Financial Group Ltd.



Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: