Global private investment major KKR has held the final close of KKR Next Generation Technology Growth Fund III (NGT III) with approximately $3bn in capital commitments. The fund will invest in growth technology companies across North America, Europe and Israel.
NGT III, the successor to the firm’s NGT I and NGT II growth funds, will continue KKR’s strategy of supporting high-growth technology companies by providing equity capital and access to the firm’s global capabilities and network.
The fund received strong support from a diverse group of both new and existing investors globally, including public pension plans, sovereign wealth funds, insurance companies, financial institutions, endowments, private wealth and fintech platforms, family offices and high-net-worth individual investors. KKR will be investing approximately $435m of capital in the fund alongside investors through the Firm’s balance sheet, affiliates and employee commitments.
KKR has established a track record of supporting technology-focused growth companies, having invested over $21.6bn in related investments since 2014 and built a dedicated global team of more than 35 investment professionals with deep technology growth equity expertise.
