PE Firm Accel-KKR Launches $700M Fund

Law360, New York (February 14, 2012, 7:51 PM EST) -- California-based private equity firm Accel-KKR has begun raising its fourth fund with a target of closing on $700 million in capital, according to filings with the U.S. Securities and Exchange Commission on Friday.

A representative for the firm declined to comment on the filing Tuesday, but the new fund, Accel-KKR Capital Partners IV LP, is expected to continue in the company's strategic vein of investing in mid-market technology companies.

“We believe the middle tier of the technology market, technology companies with revenues between $10 million and...
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