KKR & Co (KKR.N), opens new tab has raised $4.6 billion for its debut fund focused on mid-sized deals in North America despite a difficult fundraising environment as high interest rates dampened investors’ appetite for debt-driven buyouts, the U.S. private equity firm told Reuters on Monday. The Ascendant Fund, which was launched in 2022 and is part of KKR’s Americas private equity platform, is its first dedicated fund exclusively targeting deals for middle-market companies across industries including consumer, financial services, healthcare, industrials, media and software.
Read the full article: KKR Raises $4.6B for Debut North America Mid-Market Deals Fund //
Source: https://www.reuters.com/markets/us/kkr-raises-46-billion-debut-north-america-mid-market-deals-fund-2024-09-23/