{"id":2533562,"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-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-funds","status":"publish","type":"platowire","link":"https:\/\/platoai.gbaglobal.org\/platowire\/accel-kkr-secures-5-3-billion-in-buyout-funds-through-two-funds\/","title":{"rendered":"Accel-KKR Secures $5.3 Billion in Buyout Funds through Two Funds"},"content":{"rendered":"

Accel-KKR, a leading technology-focused private equity firm, has recently announced that it has raised a total of $5.3 billion in buyout funds through two funds. The firm has raised $3.5 billion for its Accel-KKR Capital Partners VI fund and an additional $1.8 billion for its Accel-KKR Growth Capital Partners III fund.<\/p>\n

The Accel-KKR Capital Partners VI fund is focused on making majority investments in middle-market software and technology-enabled services companies. The fund has already made several investments, including the acquisition of UK-based software company Ideagen and the purchase of a majority stake in US-based cloud-based software provider TrueCommerce.<\/p>\n

The Accel-KKR Growth Capital Partners III fund, on the other hand, is focused on providing growth capital to high-growth technology companies. The fund has already made several investments, including the investment in US-based cybersecurity company Arctic Wolf Networks and the investment in US-based cloud-based software provider WorkWave.<\/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 continued support of our limited partners and are excited to continue our mission of partnering with exceptional management teams to build great companies,” he said.<\/p>\n

Accel-KKR has a long history of investing in technology companies, having been founded in 2000 as a joint venture between venture capital firm Accel Partners and private equity firm Kohlberg Kravis Roberts & Co. (KKR). Since then, the firm has invested in over 200 technology companies and has completed over 100 platform investments.<\/p>\n

The firm’s success in raising these funds comes at a time when the technology industry is experiencing rapid growth and innovation. With the COVID-19 pandemic accelerating the adoption of digital technologies, there is a growing demand for technology companies that can help businesses adapt to the new normal.<\/p>\n

Overall, the success of Accel-KKR in raising these funds is a positive sign for the technology industry and for investors looking to capitalize on the growth potential of this sector. With its strong track record and deep expertise in the technology industry, Accel-KKR is well-positioned to continue identifying and investing in high-growth technology companies that can drive innovation and create value for its investors.<\/p>\n