Accel-KKR attracts $1.8bn in continuation fund

The $12 billion tech-focused private equity firm Accel-KKR closed a continuation vehicle at $1.765 billion with the aim of making follow-on investments in technology buyout deals originally housed in Accel-KKR’s 2013 vintage technology buyout fund that totaled $875 million.

Five co-lead investors include investment vehicles managed or advised by Goldman Sachs Asset Management, GIC, LGT Private Capital, Los Angeles County Employees Retirement Association (LACERA) and Portfolio Advisors. The limited partners have the option of reinvesting their Fund IV value into the acquisition fund or receiving full or partial liquidity.   . . .

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