KKR Scores $2.2B For Latest Tech Growth Fund

Law360 (January 15, 2020, 4:04 PM EST) -- Private equity giant KKR said Wednesday it amassed $2.2 billion for the second iteration of a technology-focused growth fund that will look for opportunities in North America, Europe and Israel.

KKR & Co. LP said the fund, named KKR Next Generation Technology Growth Fund II, builds on the firm's NGT I fund, which raised $711 million by its December 2016 close. NGT II, like its predecessor, will target both majority and minority investments in high-growth technology companies in areas like enterprise software, security, internet and digital media, fintech, and tech-enabled and data services.

"When we initially set out to create a...

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