Private investment major KKR & Co is gearing up to secure approximately $20bn from investors for its latest flagship North America private equity fund, North America Fund XIV, according to a report by Reuters.
According to Reuters’s sources, KKR commenced its investor outreach earlier this month. The firm aims to achieve a net internal rate of return in the high-teens percentage range and plans to deploy capital steadily at a rate of 20% to 25% annually.
Concurrently, KKR’s stock showed a 1.2% increase to $110.24 in early morning trading on Monday.
The firm’s previous North American private equity fund, fully deployed since its 2017 launch, boasted a net IRR of 20.5% as of the end of March, according to regulatory filings.
As of 31 March, KKR manages assets totaling $578bn.
Source: Private Equity Wire
Can’t stop reading? Read more
KKR exits aerospace supplier Novaria in $2.2bn sale to Arcline
KKR exits aerospace supplier Novaria in $2.2bn sale to Arcline KKR & Co. has agreed to sell...
Carlyle takes over UK retailer The Very Group, ending Barclay family era
Carlyle takes over UK retailer The Very Group, ending Barclay family era Carlyle Group has taken...
Permira takes JTC private in £2.3bn deal backed by Canada Pension Plan Investment Board
Permira takes JTC private in £2.3bn deal backed by Canada Pension Plan Investment Board Permira...