|
Laxman Pai, Opalesque Asia: The American technology-focused private equity firm Accel-KKR announced the successful completion of Accel-KKR Growth Capital Partners IV, a $1.35 billion growth capital fund.
The new fund includes a $100 million commitment from the firm's employees, said a press release from the PE firm based in Menlo Park, California.
Accel-KKR invests in technology companies through a series of different funds and strategies including Buyout, Emerging Buyout, Growth Capital and Credit.
"Accel-KKR Growth Capital Partners IV will focus on the same strategy as the firm's prior growth capital funds, primarily making minority preferred equity investments in software and technology-enabled services companies with more than $10 million in revenue," said the release.
It also will continue to emphasize investing in founder-led and closely-held businesses, which results in Accel-KKR oftentimes becoming the first institutional investor in these companies.
Accel-KKR Growth Capital Partners III LP, the firm's previous growth-capital fund, closed on $685 million in capital commitments in 2019.
The firm simultaneously announced that David Cusimano and Joe Porten, both members of Accel-KKR's Growth Capital team, have been promoted to Managing Director. Cusimano joined Accel-KKR upon graduation from business school in 2009, and Porten joined Accel-KKR in 2013 with many years of experience in technology private equity.
Greg Wi...................... To view our full article Click here
|
RSS
