Accel-KKR Announces Fifth Buyout Fund, Worth $1.3 Billion
Menlo Park-based Accel-KKR said this morning that it has officially closed its fifth buyout fund, Accel-KKR Capital Partners V LP, at $1.3 billion in committed capital. The company said the fund will continue its strategy of investing in lower-middle market and middle-market software and IT-enabled services companies. Accel-KKR said the new fund came from existing investors, as well as new investors. The new fund brings Accel-KKR's total under management to $4.0 billion. In addition to the fund's external LPs, Accel-KKR said its general partners have put $100M of their own capital to work in the new fund.
posted on Monday, September 28, 2015
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