KKR - KKR Eyes $20B New North America Fund In Tough Market: Report | Benzinga
KKR & Co Inc (NYSE:KKR) is reportedly targeting $20 billion from investors for its latest North America private equity fund, North America Fund XIV.
This comes three years after the firm launched a predecessor fund of similar size. With $578 billion in assets under management as of March, KKR is navigating a challenging fundraising environment, where high interest rates have made refinancing and asset sales more difficult.
The new fund, which began marketing to investors this month, aims for a net internal rate of return (IRR) in the high teens and plans to deploy 20% to 25% of its capital annually, reported Reuters.
KKR’s previous North American fund, launched in 2017, achieved a net IRR of 20.5% as ...