KKR & Co., the buyout firm run by Henry Kravis and
George Roberts, has raised a $13.9 billion fund to invest in
private-equity deals in the U.S., Canada and Mexico.
KKR Americas XII Fund is the largest ever Americas-focused
private-equity fund, the New York-based asset manager
announced Monday, citing data from research firm Preqin.
KKR will invest almost $1.4 billion from its balance sheet and
employee commitments alongside the funds new and existing
investors, including public pensions, sovereign wealth funds
and insurance companies.
In todays increasingly complex world, we are
pleased that they share our enthusiasm for the opportunities
that lie ahead in the Americas, in particular the U.S. where we
anticipate significant long-term investment
opportunities, Alexander Navab, KKRs head of
Americas private equity, said in the announcement.
The group will seek traditional management buyouts, growth
equity deals, as well as public toehold investments
where KKR may partner with public companies. The firms
investments will be made through seven industry teams,
including energy, financial services, healthcare, industrials,
media & communications, retail and consumer, and
KKR, which was
co-founded in 1976 by Jerome Kohlberg and
co-CEOs Kravis and Roberts, has invested a total $48.5
billion of equity in the Americas through the firms
previous 11 North America private equity funds, according to
Some of the biggest investors in private equity today are
Canadian pensions, according to a Preqin ranking last
month. Canada Pension Plan Investment Board was No. 1 with
$44.4 billion allocated to the asset class, or nearly 16
percent of its total portfolio. Ontario Teachers Pension
Plan and Caisse de dépôt et placement du
Québec also ranked among the top ten, with investments
of $21 billion and $20 billion, respectively.
The second-biggest investor in private equity is Abu Dhabi
Investment Authority, a sovereign wealth fund with a $39.6
billion allocation to the asset class, according to
Preqin. The third largest is GIC, a sovereign wealth fund
in Singapore, followed by California Public Employees
Retirement System at fourth with a $25.4 billion allocation to