Accel-KKR, a private equity firm specializing in technology-focused investments, recently announced that it has secured $5.3 billion in two buyout funds for investment purposes. The funds, which were oversubscribed, will be used to invest in middle-market software and technology-enabled services companies.<\/p>\n
The first fund, Accel-KKR Capital Partners VI, raised $3.3 billion and will focus on buyout and growth equity investments in North American software and technology-enabled services companies. The second fund, Accel-KKR Capital Partners VI (SMB), raised $2 billion and will focus on investments in smaller software and technology-enabled services companies.<\/p>\n
According to Accel-KKR, the funds received strong support from both existing and new investors, including public and private pension funds, endowments, foundations, family offices, and sovereign wealth funds.<\/p>\n
The firm’s co-founder and managing partner, Tom Barnds, said in a statement that the funds will allow Accel-KKR to continue its strategy of investing in “market-leading software and technology-enabled services companies with strong growth prospects and exceptional management teams.”<\/p>\n
Accel-KKR has a long history of investing in technology-focused companies. Since its founding in 2000, the firm has invested in over 200 companies across North America, Europe, and Asia. Its portfolio includes companies such as SmartBear, a software testing and monitoring company; HighWire Press, a digital publishing platform for scholarly content; and Infinisource Benefit Services, a provider of employee benefits administration software.<\/p>\n
The firm’s investment strategy is focused on partnering with management teams to help accelerate growth and drive operational improvements. It typically invests in companies with revenues between $20 million and $300 million.<\/p>\n
Accel-KKR’s latest funds come at a time when private equity firms are flush with cash and looking for opportunities to invest. According to data from PitchBook, private equity firms raised a record $453 billion in 2020, despite the economic uncertainty caused by the COVID-19 pandemic.<\/p>\n
The technology sector has been a particularly attractive area for private equity investment in recent years. According to PitchBook, technology-focused private equity funds raised $41.3 billion in 2020, up from $29.2 billion in 2019.<\/p>\n
Accel-KKR’s latest funds are a testament to the continued interest in technology-focused investments and the firm’s ability to attract capital from a diverse group of investors. With $5.3 billion in new funds at its disposal, Accel-KKR is well-positioned to continue its track record of investing in successful technology companies.<\/p>\n
Accel-KKR, a private equity firm specializing in technology-focused investments, recently announced that it has secured $5.3 billion in two buyout funds for investment purposes. 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 […]<\/p>\n","protected":false},"author":2,"featured_media":2527034,"menu_order":0,"template":"Default","format":"standard","meta":[],"aiwire-tag":[1383,436,927,2012,1484,1148,5072,11,342,1151,1152,18,343,20,2159,21,8936,790,344,137,23,368,2895,3139,853,1493,27,5680,29,30,1589,964,1321,319,727,222,2714,37,975,5483,5484,591,989,868,12051,1782,3342,1195,2667,24864,1505,2577,5176,162,2935,14530,1219,49,743,3649,9366,1015,744,50,3104,4868,51,1625,1627,1794,1518,6247,245,1638,2215,57,604,389,1038,1235,1644,1338,1236,2816,59,172,1645,60,61,62,1239,818,3270,252,293,614,753,6070,1659,4924,179,17600,3777,8399,9176,75,4529,78,5192,1257,185,2241,2102,2103,5833,1260,5834,17593,80,5,10,7,8,2501,1081,265,2844,267,1757,662,4126,663,702,91,302,409,356,1686,4537,496,1112,25993,1283,1113,2986,4566,1114,1701,3873,5365,1457,28544,6577,5889,1290,780,201,102,103,639,105,204,5974,18527,106,5584,108,109,508,111,843,2869,115,2871,2301,844,429,4185,9,435,124,125,126,6],"aiwire":[2843],"_links":{"self":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2533790"}],"collection":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire"}],"about":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/types\/platowire"}],"author":[{"embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":0,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2533790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/media\/2527034"}],"wp:attachment":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/media?parent=2533790"}],"wp:term":[{"taxonomy":"aiwire-tag","embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/aiwire-tag?post=2533790"},{"taxonomy":"aiwire","embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/aiwire?post=2533790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}