{"id":123605,"date":"2021-05-03T23:50:55","date_gmt":"2021-05-03T23:50:55","guid":{"rendered":"https:\/\/precoinnews.com\/?p=123605"},"modified":"2021-05-03T23:50:55","modified_gmt":"2021-05-03T23:50:55","slug":"exclusive-kkr-raises-18-5-billion-for-flagship-north-america-buyout-fund-sources","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/exclusive-kkr-raises-18-5-billion-for-flagship-north-america-buyout-fund-sources\/","title":{"rendered":"Exclusive: KKR raises $18.5 billion for flagship North America buyout fund &#8211; sources"},"content":{"rendered":"<figcaption>FILE PHOTO: Trading information for KKR &#038; Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS\/Brendan McDermid<\/figcaption><p>(Reuters) &#8211; KKR &amp; Co Inc has amassed about $18.5 billion for its latest flagship North America private equity fund, raising its biggest-ever fund in less than five months, people familiar with the matter said on Monday.<\/p>\n<p>The fundraising wrapped up quickly by industry standards, given that many buyout funds can take a year or more to raise. It also happened with limited travel among KKR executives amid the COVID-19 pandemic, underscoring investor demand for private-equity funds that promise to outperform the booming stock market.<\/p>\n<p>KKR raised about $17 billion for KKR North America Fund XIII from investors including sovereign wealth funds, family offices and public and private pension funds, the sources said. An additional $1.5 billion has been committed to the fund by KKR and its employees, the sources added.<\/p>\n<p>The fund attracted $24 billion in commitments from investors, but KKR decided to scale it back so it can deploy the capital selectively over the next few years, the sources said. The formal fundraising close is expected to come in the coming weeks, the sources added.<\/p>\n<p>A KKR spokeswoman declined to comment.<\/p>\n<p>The North America fund surpasses in size KKR\u2019s 2006 Fund, which up to this point had been its biggest ever with $17.6 billion in capital. It is the first to be raised by Pete Stavros and Nate Taylor as co-heads of KKR\u2019s Americas private equity business.<\/p>\n<p>KKR\u2019s prior regional funds, the $13.9 billion KKR Americas XII and the $9 billion KKR North America Fund XI, had returned 1.42 times and 2.08 times of their investors\u2019 money, respectively, as of September, according to the website of the Oregon Public Employees Retirement Fund, one of KKR\u2019s investors.<\/p>\n<p>KKR, which is led by co-founders Henry Kravis and George Roberts, had $349 billion in assets under management as of April, including the portfolio of annuities and life insurance provider Global Atlantic Financial Group Ltd.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/us-kkr-fundraising-exclusive\/exclusive-kkr-raises-18-5-billion-for-flagship-north-america-buyout-fund-sources-idUSKBN2CK20W\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: Trading information for KKR &#038;<\/p>\n","protected":false},"author":3,"featured_media":123604,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exclusive: KKR raises $18.5 billion for flagship North America buyout fund - sources - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/exclusive-kkr-raises-18-5-billion-for-flagship-north-america-buyout-fund-sources\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive: KKR raises $18.5 billion for flagship North America buyout fund - sources - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: Trading information for KKR &#038;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/exclusive-kkr-raises-18-5-billion-for-flagship-north-america-buyout-fund-sources\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-03T23:50:55+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/05\/Exclusive-KKR-raises-18.5-billion-for-flagship-North-America-buyout-fund-sources.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/exclusive-kkr-raises-18-5-billion-for-flagship-north-america-buyout-fund-sources\/\",\"url\":\"https:\/\/precoinnews.com\/business\/exclusive-kkr-raises-18-5-billion-for-flagship-north-america-buyout-fund-sources\/\",\"name\":\"Exclusive: KKR raises $18.5 billion for flagship North America buyout fund - sources - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-05-03T23:50:55+00:00\",\"dateModified\":\"2021-05-03T23:50:55+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/business\/exclusive-kkr-raises-18-5-billion-for-flagship-north-america-buyout-fund-sources\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/business\/exclusive-kkr-raises-18-5-billion-for-flagship-north-america-buyout-fund-sources\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/business\/exclusive-kkr-raises-18-5-billion-for-flagship-north-america-buyout-fund-sources\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/precoinnews.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Exclusive: KKR raises $18.5 billion for flagship North America buyout fund &#8211; 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