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Article: Accel-KKR Closes Third Private Equity Fund With $600 Million.
- Article from:
- Investment Weekly News
- Article date:
- September 27, 2008
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Accel-KKR, a technology-focused private equity investment firm, announced the final closing of its third private equity fund, Accel-KKR Capital Partners III, LP ("AKKR III") at $600 million. The growth-oriented middle-market technology fund, which initially targeted $450 million, was significantly oversubscribed and reached its hard cap after a limited marketing process, which did not involve use of a placement agent. The final closing of AKKR III brings Accel-KKR's total assets under management to over $1 billion.
The new fund's investors include college and university endowments, corporate pension plans, foundations, insurance companies, investment advisors, ...