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KKR Eyes Raising $5 Billion to Invest in Mid-Size Companies

  • Fund is private equity giant’s first dedicated to the sector
  • Offering comes amid robust investor demand for private equity

KKR & Co. plans to launch its first-ever fund to invest in mid-size companies and may raise as much as $5 billion for the effort.

The fund, called Ascendant, will make investments in North America across sectors including financial services, health care, industrials, consumer, technology, media and telecommunications, according to people familiar with the matter. The plan is in the early stages, the people said.