KKR closes on $711m

The global investment firm pursues opportunities in TMT.

KKR Next Generation Technology Growth Fund has held a final close on $711 million, surpassing its original target of $500 million. The vehicle will make growth equity investments in the technology, media and telecommunications sector in North America, Europe and Israel. It is expected to make investments of less than $100 million.

New and existing investors were involved in the fundraise, and these included public and private pension funds, family offices and high net worth individuals.