Monday
August 12
2019

KKR Tops $1 Billion Fundraising Goal for Global Impact Fund

By Emily Chasan

KKR & Co. exceeded the $1 billion fundraising goal for its first Global Impact Fund, according to a person with knowledge of the matter.

The fund, aimed at addressing social and environmental problems with private capital, hasn’t closed and is still raising money from investors, said the person, who asked not to be identified because the information isn’t public.

Co-led by KKR executives Ken Mehlman and Robert Antablin, the fund has been gathering commitments since early 2018.

Photo courtesy of Steven Depolo.

Source: Bloomberg (link opens in a new window)

Categories
Investing
Tags
funding, impact investing, social impact