KKR Gets Record $13.9 Billion for North American Buyout Fund
KKR, a leading global investment firm, today announced the final closing of $13.9 billion fund, the most ever raised for a buyout pool focused on North America.
Americas 12th Fund, gathered the maximum $12.5 billion agreed to with investors and added $1.4 billion from its balance sheet and employees, according to the company’s statement.
New York-based will target opportunistic investments primarily in the United States, Canada and Mexico.
According to Bloomberg, since its start in 1976, KKR has produced annualized returns after fees of 19 percent in private equity, exceeding Blackstone’s 15 percent since 1985 and Washington-based Carlyle’s 18 percent since 1987, according to regulatory filings.
Led by co-founders and cousins Henry Kravis and George Roberts, KKR managed $129.6 billion in private equity holdings, credit assets, real estate and hedge funds as of Dec. 31. [Bloomberg]
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