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
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