KKR Closes Sixth European Private Equity Fund at $8.0 Billion
April 04 2023 - 2:00AM
Business Wire
KKR, a leading global investment firm, today announced the final
closing of European Fund VI (“the Fund”). At $8.0 billion, it is
KKR’s largest European Private Equity fund to date, following the
$6.6 billion fund in 2019, inclusive of the GP commitment. The new
Fund will be focused on private equity investments primarily in the
developed economies of Western Europe.
Philipp Freise, Co-Head of KKR European Private Equity, said,
“KKR has been investing in Europe for nearly twenty-five years and
we believe the opportunity today has never been greater. We see
enormous potential for transformational investment behind
structural trends that are reshaping the European economy,
including digitalization, healthcare and sustainability.”
Co-Head of KKR European Private Equity Mattia Caprioli added,
“We look forward to supporting founders, family businesses, and
companies looking for the right strategic partner to help take
their business to the next level.”
KKR’s successful track record in Europe is based on a
combination of a strong on-the-ground presence and expertise with
additional access to the global network and resources that the firm
offers. Over 100 professionals, including 57 European Private
Equity executives, 25 KKR Capstone Europe members, and additional
professionals across KKR Capital Markets, Public Affairs and KKR’s
EMEA Macro team, work across eight European offices and comprise
over 15 European nationalities, providing deep local market
knowledge to portfolio companies. This expertise is supplemented by
KKR’s global network drawing on the knowledge and skills of
additional members across the firm, including the KKR Global
Institute and KKR’s Senior Advisors.
Alisa Amarosa Wood, Partner and Head of the Global Private
Markets and Real Assets Strategies Group at KKR, said, “We’re
delighted that our European team’s deep conviction in the
investment opportunity ahead is shared by our investors, many of
whom are not only choosing to reinvest but also to increase their
commitment to our European franchise. Raising this fund in the
current market environment demonstrates the strong investor
confidence in our European team and platform, and our long track
record of delivering value and outstanding results.”
Through the Fund, KKR will continue to invest alongside family
owners, founders, entrepreneurs and corporates, providing flexible
capital for strategic partnership transactions, platforms for
expansion and corporate carve-outs. KKR will be making a
significant commitment to the Fund, investing over $1.0 billion
alongside investors from the Firm’s balance sheet and employee
commitments.
KKR’s European private equity platform, which is part of the
firm’s $165 billion global private equity business, is currently
managing a combined $28.31 billion in assets under management. The
current portfolio includes investments in over 45 companies across
Western Europe.
Debevoise & Plimpton LLP represented KKR as primary fund
counsel for this fundraise.
About KKR
KKR is a leading global investment firm that offers alternative
asset management as well as capital markets and insurance
solutions. KKR aims to generate attractive investment returns by
following a patient and disciplined investment approach, employing
world-class people and supporting growth in its portfolio companies
and communities. KKR sponsors investment funds that invest in
private equity, credit and real assets and has strategic partners
that manage hedge funds. KKR’s insurance subsidiaries offer
retirement, life and reinsurance products under the management of
Global Atlantic Financial Group. References to KKR’s investments
may include the activities of its sponsored funds and insurance
subsidiaries. For additional information about KKR & Co. Inc.
(NYSE: KKR), please visit KKR’s website at www.kkr.com and on
Twitter @KKR_Co.
1 Europe Private Equity, Core and Growth
AUM as of 31st December 2022
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Media Enquiries
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FGS Global Alastair Elwen / Sophia Johnston +44 20 7251 3801
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