Deals
KKR Raises $688 Million for Growth Deals as Small Is New Big
- Buyout firms bet companies want experienced, global partners
- Team at KKR hired from Google, Technology Crossover Ventures
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After making its name doing several of the largest leveraged buyouts ever, KKR & Co. now wants to take smaller bites of growth-stage businesses.
The private equity firm has gathered $688 million for a fund to invest in fast-growing technology companies, according to a regulatory filing Monday. KKR Next Generation Technology Growth Fund is on track to close by year-end with about $700 million, according to a person familiar with the process.