• Home
  • About Us
  • Contact
  • Your Account
  • Subscribe
No Result
View All Result
Wednesday, February 8, 2023
Alternatives Watch
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
  • Log In
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
  • Log In
No Result
View All Result
Alternatives Watch
No Result
View All Result

KKR raises $19bn for the largest fund in its history

Susan BarretobySusan Barreto
April 25, 2022
in Manager News, Private Equity
KKR raises $19bn for the largest fund in its history

By travnikovstudio/Envato Elements

ShareTweetShareSendSend

KKR held the final close of KKR North America Fund XIII (NAX3) at $19 billion, the largest fund in its history with KKR executives investing $2 billion of its own capital alongside investors through the firm’s balance sheet affiliates and employee commitments.

NAX3 received strong support from a diverse group of both new and existing investors globally, including public and private pension plans, sovereign wealth funds, insurance companies, endowments and foundations, private wealth platforms, family offices, high-net-worth individual investors and other institutional investors.

“Thanks to the strength of our Americas Private Equity investment team and extensive collaboration across our Firm, we are pleased to have been able to deliver consistent and attractive risk adjusted returns to our investors, even in the face of a global pandemic,” said Alisa Amarosa Wood, global head of Private Markets and Real Assets Product Strategies at KKR. “With this closing of KKR’s largest fund in our history, we are excited by our investors’ shared enthusiasm for the investment opportunities we continue to see ahead.”

NAX3 focuses on pursuing opportunistic private equity investments in North America, building on KKR’s 45-year track record in the region. Over the past decade, predecessor funds, KKR North America XI and KKR Americas XII Fund, KKR has delivered an average net IRR of 25.1% and a gross multiple on invested capital of 2.2x net of fees. Officials pointed out that the gains outperformed the S&P 500 by more than 850 basis points. KKR Americas XII Fund, which began investing in 2017, the firm said has fully deployed its capital. That predecessor funds gross IRR has been 50.1%, officials said.

“Particularly at a time of continued volatility, we believe we are entering a macroeconomic environment that is tailor-made for private equity and for KKR specifically, and are grateful to have the support of our investors and their confidence in our team,” said Pete Stavros and Nate Taylor, co-heads of Americas Private Equity platform at KKR, in a joint statement. “We look forward to continue executing on our investment approach, which is centered on leveraging our deep industry expertise and driving holistic operational transformations utilizing the full suite of resources KKR has to offer. We are excited about the early momentum for NAX3 and remain laser focused on delivering outstanding results.”

KKR’s Americas Private Equity platform now has more than $90 billion in assets under management across flagship, growth and core investment vehicles. The global private equity platform is also growing and includes dedicated regional private equity funds in Asia and Europe.

The firm releases its earnings for the first quarter on May 3, but at the end of last year KKR’s assets under management grew to $471 billion up 87% year over year with $121 billion in capital raised by the alternative investment firm in 2021. The announcement of the NAX3 fund close follows the firm’s largest infrastructure fund launch at $17 billion.

The new fund intends to implement KKR’s broad-based employee ownership program at majority-owned companies in which it invests. Since 2011, KKR has focused on employee ownership and engagement as a key driver in building stronger companies and driving greater financial inclusion. The firm is committed to deploying the model in all control investments across its entire Americas Private Equity platform.  To date, KKR has awarded billions of total equity value to over 45,000 non-senior employees across over 25 companies.

Debevoise & Plimpton LLP represented KKR as primary fund counsel for this fundraise.

ShareTweetShareSendSend
Previous Post

The future is now in late-stage VC

Next Post

New law firm to bring financing directly to plaintiffs, claimants

Related Posts

Texas Teachers adds five alts funds
Pensions

Texas Teachers adds five alts funds

State Street: Private equity gathers pace despite data challenges
Investor News

State Street: Private equity gathers pace despite data challenges

IMRF adds to PE, real asset programs
Pensions

IMRF adds to PE, real asset programs

Greenbriar closes oversubscribed sixth fund
Manager News

Greenbriar closes oversubscribed sixth fund

Carlyle taps CEO
Private Equity

Carlyle taps CEO

Next Post
New law firm to bring financing directly to plaintiffs, claimants

New law firm to bring financing directly to plaintiffs, claimants

Log In/Out

Lost your password?

Search the AW Archives

No Result
View All Result

Recent News

Texas Teachers adds five alts funds

Texas Teachers adds five alts funds

Starwood REIT to trade on retail alts secondaries platform

Starwood REIT to trade on retail alts secondaries platform

Florida ends 2022 with $594m in RE exposure

Florida ends 2022 with $594m in RE exposure

Pretium hires GS exec for business development

Pretium hires GS exec for business development

Be an Alts Insider

Sign up for your FREE daily alts news briefing

Subscribe

Subscribe to AW
Alternatives Watch

© 2019-2022, All Rights Reserved  |  BMV Digital

Navigate Site

  • Hedge Funds
  • Private Equity
  • Private Credit
  • RE/Infrastructure
  • Investor News
  • Research
  • Subscribe
  • Log In

Follow Us

No Result
View All Result
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
  • Log In

© 2019-2022, All Rights Reserved  |  BMV Digital

Be an alts insider

Start your days in the know with our free newsletter

No, I don't want to be an alts insider

Thank

You!

Follow us
on LinkedIn

Lost your password?

Cookie Consent
We do not use cookies on our website other than those that are strictly necessary for the website to function. By clicking “Accept”, you consent to the use of all six strictly necessary cookies.
Do not sell my personal information.
Cookie Settings Accept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Save & Accept
Powered by CookieYes Logo