•  
• Tweet
•  
•  
•        Print
•  
•        Email
•  
•         Track Keywords

Accel-KKR invests in technology companies through a series of different funds and strategies including Buyout, Emerging Buyout, Growth Capital and Credit, and today has $19 billion in cumulative capital commitments. Combined with the recent fundraises for Accel-KKR Growth Capital IV, LP and Accel-KKR Capital Partners CV IV, LP, Accel-KKR has successfully held final closes for four new funds in the last 14 months, representing more than $8.4 billion in committed capital.

Accel-KKR Capital Partners VII LP closed on its hard cap with $4.4 billion of equity capital commitments. Fund VII includes $300 million from the General Partner and affiliates. The prior Buyout fund, Accel-KKR Capital Partners VI, LP, closed on $2.85 billion in 2020.

Fund VII will continue Accel-KKR's long-term focused strategy of making majority buyout investments in lower-middle market and middle-market software and IT-enabled services companies well-positioned for top-line and bottom-line growth.

Accel-KKR Emerging Buyout Partners II, LP closed on its hard cap with $920 million of equity capital commitments. Emerging Buyout II includes $72 million from the General Partner and affiliates. The prior Growth Buyout fund, Accel-KKR Emerging Buyout Partners, LP, closed on $640 million in 2020.

The new Emerging Buyout fund will continue Accel-KKR's long-standing strategy of investing in software and tech-enabled services companies, with a special focus on small-cap companies.

Tom Barnds, Co-Managing Partner at Accel-KKR, said, "In raising these two new funds, we will continue our long-term strategy of working in partnership with management teams of the companies in which we invest, aggressively supporting their growth objectives by providing capital and operational support to fuel accelerated organic and inorganic growth."

Rob Palumbo, Co-Managing Partner at Accel-KKR, said, "We are heartened by the strong support we received from existing and new investors for Fund VII and Emerging Buyout Partners II, fundraising for both of which started after Labor Day 2022. We also are quite pleased to be able to continue supporting the social missions and great causes represented by our limited partners."

Accel-KKR's investor base includes government employee pension plans, leading medical research institutes, college endowments, charitable foundations, and integrated health delivery networks. The new funds had strong re-up rates from existing investors and also received support from a range of new investors.

Accel-KKR has invested in or acquired more than 350 technology companies over more than two decades, making it one of the most active private equity firms in the software and tech-enabled services sector. These transactions have included acquisitions and recapitalizations of founder-owned or closely-held private companies; buyouts of divisions, subsidiaries and business units from private and public companies; and going-private transactions of public companies. In addition to buyout capital and minority-growth investments, Accel-KKR is able to provide capital solutions including credit alternatives through other funds that it manages.