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Laxman Pai, Opalesque Asia: Global alternative investment giant KKR has upped the ante again for its latest tech-focused growth fund, picking up $3bn at the final close of its third vintage.
The KKR Next Generation Technology Growth Fund III will invest in growing technology companies in North America, Europe, and Israel. According to the company release, the Fund continues KKR's strategy of supporting high-growth technology companies by providing equity capital and access to the firm's global capabilities and network.
The fund was backed by new and existing investors, including institutional investors, private wealth and fintech platforms, family offices and high-net-worth individuals.
"The new fund comes at a time of accelerated digital transformation within enterprises globally, the next evolution of AI applications, and the increasing adoption of technology in consumers' daily lives. This has created an environment that will enable many new growth technology companies to emerge and scale," said the company.
"Even in challenging market environments, focusing on investing in technology that solves the real needs of companies creates a long-term opportunity for performance. We've seen firsthand that innovation is a critical driver of investment returns," said Dave Welsh, KKR Partner & Global Head of Tech Growth.
"With the new fund, we are deepening our commitment to investing in leading companies that are advancing digital transformation by helping busines...................... To view our full article Click here
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