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
Victory Capital raises $8.6bn Janus Henderson bid as Trian and General Catalyst deal faces challenge
Victory Capital raises $8.6bn Janus Henderson bid as Trian and General Catalyst deal faces...
TPG forms One Aged Care to capture ageing care demand in Singapore and Malaysia
TPG forms One Aged Care to capture ageing care demand in Singapore and Malaysia TPG has launched a...
Advent and Cinven explore €25bn exit of TK Elevator as Kone enters takeover talks
Advent and Cinven explore €25bn exit of TK Elevator as Kone enters takeover talks Advent and...