Accel-KKR, a leading technology-focused private equity firm, has announced that it has secured a total of $5.3 billion in buyout funds through two new funds. The funds, which were oversubscribed, will be used to invest in middle-market software and technology-enabled services companies.
The first fund, Accel-KKR Capital Partners VI, raised $3.3 billion and will focus on making majority investments in companies with enterprise values between $100 million and $1 billion. The second fund, Accel-KKR Growth Capital Partners III, raised $2 billion and will focus on growth equity investments in companies with enterprise values between $50 million and $500 million.
According to Tom Barnds, Managing Director at Accel-KKR, the firm is excited to have raised these new funds and is looking forward to continuing to invest in innovative technology companies. “We are grateful for the support of our limited partners and are excited to continue partnering with exceptional management teams to drive growth and create value,” he said.
Accel-KKR has a long history of investing in technology companies, having completed over 300 investments since its founding in 2000. The firm has a particular focus on software and technology-enabled services companies in the middle market, where it believes there is significant opportunity for growth and value creation.
The new funds will allow Accel-KKR to continue to invest in these types of companies, providing them with the capital and resources they need to scale their businesses and achieve their growth objectives. The firm’s investment approach is focused on partnering with management teams to help them build market-leading companies through operational improvements, strategic acquisitions, and organic growth initiatives.
In addition to its investment focus, Accel-KKR is also committed to promoting diversity and inclusion within its portfolio companies. The firm has established a Diversity, Equity, and Inclusion (DEI) Council to help drive progress in this area and has set a goal of achieving gender and racial diversity on all of its portfolio company boards by 2025.
Overall, the new funds raised by Accel-KKR represent a significant milestone for the firm and its investors. With a strong track record of success in the technology sector and a commitment to driving growth and value creation, Accel-KKR is well-positioned to continue to deliver strong returns for its limited partners.
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