{"id":2533376,"date":"2023-04-03T13:34:22","date_gmt":"2023-04-03T17:34:22","guid":{"rendered":"https:\/\/platoai.gbaglobal.org\/platowire\/accel-kkr-secures-5-3-billion-in-buyout-funds-through-two-new-funds\/"},"modified":"2023-04-03T13:34:22","modified_gmt":"2023-04-03T17:34:22","slug":"accel-kkr-secures-5-3-billion-in-buyout-funds-through-two-new-funds","status":"publish","type":"platowire","link":"https:\/\/platoai.gbaglobal.org\/platowire\/accel-kkr-secures-5-3-billion-in-buyout-funds-through-two-new-funds\/","title":{"rendered":"Accel-KKR Secures $5.3 Billion in Buyout Funds through Two New Funds"},"content":{"rendered":"

Accel-KKR, a leading technology-focused private equity firm, has recently announced that it has secured $5.3 billion in buyout funds through two new funds. This is a significant milestone for the firm, which has been actively investing in technology companies for over two decades.<\/p>\n

The first fund, Accel-KKR Capital Partners VI, raised $3.3 billion in commitments from investors, while the second fund, Accel-KKR Capital Partners Strategic Partners Fund III, raised $2 billion. Both funds will be used to invest in middle-market technology companies across North America and Europe.<\/p>\n

According to Tom Barnds, Managing Director at Accel-KKR, the firm’s success in raising these funds is a testament to its strong track record of investing in technology companies. “We are grateful for the support of our limited partners and are excited to continue investing in innovative companies that are transforming industries,” he said.<\/p>\n

Accel-KKR has a long history of investing in technology companies across a range of industries, including software, internet, and healthcare. The firm’s portfolio includes companies such as SmartBear, a software testing and monitoring company, and HighWire Press, a provider of digital publishing solutions for academic and scholarly publishers.<\/p>\n

With the new funds, Accel-KKR plans to continue its focus on investing in middle-market technology companies that have strong growth potential. The firm typically invests between $20 million and $200 million in each company, providing both capital and strategic support to help them achieve their growth objectives.<\/p>\n

One area of focus for Accel-KKR is software-as-a-service (SaaS) companies, which have seen significant growth in recent years. The firm has invested in several SaaS companies, including SpringCM, a contract management software provider, and Kimble Applications, a professional services automation platform.<\/p>\n

In addition to its investment activities, Accel-KKR also provides operational support to its portfolio companies through its Accel-KKR Growth Services team. This team provides expertise in areas such as sales and marketing, product development, and talent management, helping portfolio companies accelerate their growth and achieve their strategic objectives.<\/p>\n

Overall, the success of Accel-KKR in raising these new funds is a positive sign for the technology industry, which continues to see strong growth and innovation. With its focus on middle-market technology companies and its track record of success, Accel-KKR is well-positioned to continue driving innovation and growth in the years ahead.<\/p>\n