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Laxman Pai, Opalesque Asia:

Global technology-focused investment firm Accel-KKR announced the completion of AKKR Isosceles CV LP, an approximately $1.9 billion single-asset continuation fund.

AKKR Isosceles will extend its partnership with isolved, a provider of human capital management (HCM) software and solutions servicing the entire employee lifecycle.

The transaction allows Accel-KKR to provide liquidity to existing investors in isolved while providing the company with a commitment of $350 million in new capital to accelerate its growth through organic initiatives and accretive acquisitions, according to a media release from the global software and technology-focused private equity firm, which has raised $23 billion in cumulative capital.

Secondaries at Goldman Sachs Alternatives served as the lead investor in AKKR Isosceles CV LP, with participation from various other institutional investors, it said.

AKKR Strategic Capital LP, the $2.2 billion software secondaries fund Accel-KKR closed in 2024, also invested in AKKR Isosceles CV LP. Post-transaction, the employees of Accel-KKR comprise, as a group, the single largest investor in AKKR Isosceles CV LP.

Tom Barnds and Rob Palumbo, Co-Managing Partners at Accel-KKR, said, "With the successful completion of this new continuation fund, the second CV of isolved, we are thrilled to extend an extraordinarily productive partnership that already has run for 14 years, as the company's revenue and EBITDA have......................

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