Accel-KKR, a leading technology-focused private equity firm, has announced that it has secured $5.3 billion in buyout funds through two fundraising rounds. The funds will be used to invest in high-growth technology companies across various sectors, including software, internet, and digital media.
The first fundraising round, which closed in December 2020, raised $3.5 billion for Accel-KKR’s flagship buyout fund, AKO VII. The fund was oversubscribed and attracted commitments from a diverse group of investors, including pension funds, endowments, and sovereign wealth funds.
The second fundraising round, which closed in June 2021, raised an additional $1.8 billion for Accel-KKR’s growth buyout fund, AKO VIII. The fund will focus on investing in high-growth technology companies that are looking to scale their businesses rapidly.
According to Accel-KKR’s co-founder and managing partner, Tom Barnds, the fundraising rounds were a testament to the firm’s strong track record of delivering value to its investors. “We are grateful for the continued support of our limited partners and are excited to deploy this capital into high-growth technology companies that are driving innovation and transformation across various industries,” he said.
Accel-KKR has a long history of investing in technology companies and has completed over 200 investments since its inception in 2000. The firm has a team of experienced investment professionals who specialize in identifying and investing in high-growth companies with strong management teams and innovative products.
Some of Accel-KKR’s notable investments include DocuSign, a leading provider of electronic signature technology; SmartBear, a software testing and monitoring company; and HighRadius, a fintech company that provides cloud-based software solutions for managing accounts receivable.
The firm’s investment strategy is focused on partnering with management teams to help them accelerate growth and achieve their strategic objectives. Accel-KKR provides its portfolio companies with access to its extensive network of industry experts and resources, including operational support, strategic guidance, and financial expertise.
In conclusion, Accel-KKR’s successful fundraising rounds demonstrate the strong demand for technology-focused private equity investments. The firm’s track record of delivering value to its investors and its expertise in identifying and investing in high-growth technology companies make it a compelling investment opportunity for those looking to capitalize on the growth potential of the technology sector.
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