KKR raises $1.3 bn for global impact investing fund
By Ranjani Raghavan
Private equity firm KKR & Co. Inc has raised $1.3 billion for a global impact fund, as it joins peers such as Blackstone and TPG in seeking to invest in companies that strive to solve environmental or social problems.
The KKR Global Impact Fund marked the final closing with help from a diverse group of investors, including public pensions, family offices and wealthy individuals, the American buyout firm said in a statement.
KKR will invest $130 million of capital in the fund through its balance sheet and employee commitments.
The PE firm didn’t name other investors. However, Swiss banking giant and the biggest global wealth manager UBS had said in September last year that it had raised $225 million from its private clients for the KKR fund.