KKR Americas XII Fund final closes at US $13.9B

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By Ted Liu

KKR & Co. L.P. (NYSE: KKR) has held a final close of KKR Americas XII Fund, a $13.9 billion fund focused on opportunistic investments in private equity-related transactions primarily in the United States, Canada and Mexico. KKR will be investing nearly $1.4 billion in capital alongside investors through the firm’s balance sheet and employee commitments.

Americas XII is the largest Americas-focused private equity fund. Limited partners include a diverse group of new and existing global investors, including public and corporate pensions, sovereign wealth funds, insurance companies, endowments, private banking platforms, family offices and high net worth individual investors.

Canadian pension fund, Caisse de dépôt et placement du Québec (CDPQ) committed US $[mepr-active rule=”374″ ifallowed=”hide”]##subscriber ONLY content##[/mepr-active][mepr-active rule=”374″]350M in an initial close held in March 2016[/mepr-active].

KKR’s Americas private equity platform invests across seven industry teams, including Energy; Financial Services; Healthcare; Industrials; Media & Communications; Retail and Consumer; and Technology sectors. In addition to traditional management buyouts and build-ups, the business seeks to find opportunities to provide growth capital, as well as minority investments, and public toehold investments where KKR can partner with public companies, leveraging the Firm’s industry expertise and operational capabilities to add value beyond just providing capital.

The Americas private equity team consists of over 60 experienced investment professionals, and is supported by over 20 operational executives in KKR Capstone.

photo credit: KKR