KKR, a global investment firm, closed a $2.2 billion fund dedicated to growth equity investment opportunities in the technology space in North America, Europe and Israel.
KKR Next Generation Technology Growth Fund II received backing from a diverse group of new and existing global investors, including public pensions, insurance companies, family offices, high net worth individual investors and other institutional investors. The firm will be investing more than $265 million of capital in the Fund alongside these investors through its balance sheet and employee commitments.
Led by Dave Welsh, Partner and Head of Technology Growth Equity, the vehicle is focused on investing in high-growth technology companies through a combination of majority or minority stakes. In particular, the it is expected to make equity checks typically greater than $50m in thematically targeted areas, including enterprise software, security, internet / digital media, fintech, and tech-enabled and data services.
KKR has established a strong track record of supporting technology-focused growth companies, having invested over $2.7 billion in related investments since 2014 and having built a dedicated global team of 19 investment professionals with deep technology growth equity expertise.
Over the last year alone, the firm has executed a number of transactions as part of this strategy, including in KnowBe4 and OneStream.
FinSMEs
30/01/2020