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.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at firstname.lastname@example.org.
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]