|
Laxman Pai, Opalesque Asia: The US buyout giant KKR & Co. wrapped up its largest-ever buyout fund - KKR North America Fund XIII - with $19 billion in investor commitments in a fundraising effort that broke an in-house record that has stood for more than 15 years.
A press release from the global investment firm that offers alternative asset management as well as capital markets and insurance solutions described the fund as the largest in its 46-year history. Its predecessor fund, KKR North America Fund XII, raised $13.9 billion and closed in 2017.
North America Fund XIII, dubbed NAX3, will be investing $2 billion of capital in the Fund 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, and high-net-worth individual investors, and other institutional investors.
Investors in the fund include California Public Employees' Retirement System, Sacramento; Washington State Investment Board, Olympia; Michigan Retirement Systems, East Lansing; Oregon Public Employees Retirement System, Tigard; Illinois Municipal Retirement Fund, Oak Brook; Maine Public Employees Retirement System, Augusta; Louisiana State Employees' Retirement System, Baton Rouge; and Louisiana State Poli...................... To view our full article Click here
|
RSS
