KKR Closes $4.6 Billion Ascendant Fund
KKR has announced the final closing of its KKR Ascendant Fund SCSP, a $4.6 billion fund dedicated to investing in North American middle market businesses. Launched in 2022, it's KKR's first vehicle solely focused on middle market opportunities across seven industry verticals: Consumer, Financial Services, Health Care, Industrials, Media, Software, and Tech-Enabled Services.
The Fund is committed to implementing employee ownership programs at every majority-owned company it invests in. It leverages KKR's 48-year history, private equity expertise, and value-creation capabilities. Ascendant has already invested in six North American companies and closed at its hard cap, receiving strong backing from diverse global investors.
KKR ha annunciato la chiusura finale del suo KKR Ascendant Fund SCSP, un fondo da 4,6 miliardi di dollari dedicato a investimenti in aziende di mercato intermedio nordamericane. Lanciato nel 2022, è il primo veicolo di KKR esclusivamente focalizzato su opportunità di mercato intermedio in sette settori: Consumo, Servizi Finanziari, Assistenza Sanitaria, Industrie, Media, Software e Servizi Abilitati dalla Tecnologia.
Il Fondo si impegna ad implementare programmi di proprietà dei dipendenti in ogni azienda a maggioranza di cui investe. Sfrutta i 48 anni di storia di KKR, l'expertise nel private equity e le capacità di creazione di valore. Ascendant ha già investito in sei aziende nordamericane e ha chiuso al suo limite massimo, ricevendo un forte sostegno da investitori globali diversi.
KKR ha anunciado el cierre final de su KKR Ascendant Fund SCSP, un fondo de 4.6 mil millones de dólares dedicado a la inversión en empresas del mercado medio norteamericano. Lanzado en 2022, es el primer vehículo de KKR centrado exclusivamente en oportunidades del mercado medio a través de siete verticales industriales: Consumo, Servicios Financieros, Atención Médica, Industriales, Medios, Software y Servicios Habilitados por Tecnología.
El Fondo se compromete a implementar programas de propiedad de empleados en cada empresa de mayoría en la que invierte. Aprovecha los 48 años de historia de KKR, su experiencia en capital privado y sus capacidades de creación de valor. Ascendant ya ha invertido en seis empresas norteamericanas y ha cerrado en su límite máximo, recibiendo un fuerte respaldo de diversos inversores globales.
KKR는 KKR Ascendant Fund SCSP의 최종 마감을 발표했습니다. 이 펀드는 46억 달러 규모로, 북미 중견기업에 대한 투자에 전념하고 있습니다. 2022년에 출시된 이 펀드는 KKR의 첫 번째 차량으로, 소비재, 금융 서비스, 헬스케어, 산업, 미디어, 소프트웨어 및 기술 지원 서비스의 7개 산업 분야에 걸쳐 중견 시장 기회에만 초점을 맞추고 있습니다.
이 펀드는 투자하는 모든 대주주 기업에서 직원 소유 프로그램을 구현하기 위해 노력하고 있습니다. KKR의 48년 역사, 사모펀드 전문성 및 가치 창출 능력을 활용합니다. Ascendant는 이미 여섯 개의 북미 기업에 투자했으며, 한도 상한선에 도달하여 다양한 글로벌 투자자의 강력한 지원을 받았습니다.
KKR a annoncé la clôture finale de son KKR Ascendant Fund SCSP, un fonds de 4,6 milliards de dollars dédié à l'investissement dans des entreprises du marché intermédiaire nord-américain. Lancé en 2022, c'est le premier véhicule de KKR exclusivement axé sur les opportunités du marché intermédiaire dans sept secteurs : Consommation, Services Financiers, Soins de Santé, Industries, Médias, Logiciels et Services Activés par la Technologie.
Le Fonds s'engage à mettre en œuvre des programmes de propriété des employés dans chaque entreprise à majorité dans laquelle il investit. Il tire parti des 48 ans d'histoire de KKR, de son expertise en capital-investissement et de ses capacités de création de valeur. Ascendant a déjà investi dans six entreprises nord-américaines et a atteint son plafond, recevant un fort soutien d'investisseurs mondiaux divers.
KKR hat den finalen Abschluss seines KKR Ascendant Fund SCSP bekannt gegeben, einem 4,6 Milliarden Dollar großen Fonds, der in mittelständische Unternehmen in Nordamerika investiert. Der 2022 gestartete Fonds ist KKR's erstes Vehikel, das sich ausschließlich auf Investitionen im Mittelstand in sieben Branchen konzentriert: Konsumgüter, Finanzdienstleistungen, Gesundheitswesen, Industrie, Medien, Software und technologiegestützte Dienstleistungen.
Der Fonds verpflichtet sich, in jedem Mehrheitsunternehmen, in das er investiert, Programme zur Mitarbeiterbeteiligung einzuführen. Er nutzt die 48-jährige Geschichte von KKR, die Expertise im Bereich Private Equity und die Fähigkeit zur Wertschöpfung. Ascendant hat bereits in sechs nordamerikanische Unternehmen investiert und hat sein hartes Limit erreicht, dabei starke Unterstützung von verschiedenen globalen Investoren erhalten.
- Successful closing of a $4.6 billion fund dedicated to the North American middle market
- Commitment to implement employee ownership programs in all majority-owned investments
- Fund was oversubscribed and closed at its hard cap
- Strong backing from diverse global investors
- Already invested in six leading North American companies
- None.
The Fund is the first of its kind at KKR, targeting the large and fragmented North American middle market
KKR to support implementation of broad-based employee ownership and engagement programs in all control investments in the Fund
The Fund brings to bear KKR’s extensive and integrated Private Equity platform, breadth of resources, and depth of industry coverage on an attractive segment of the North American middle market. Building upon KKR’s 48-year history of investing in and evaluating companies of all sizes in
“We are very proud of the strong response we have received from our fundraising efforts and believe that Ascendant is well-positioned to address the robust and attractive opportunities in the North American middle market,” said Pete Stavros and Nate Taylor, Co-Heads of KKR Global Private Equity. “We have long invested in this space in our Americas Private Equity funds and have found that we can harness KKR’s unique resources and expertise in value creation to deliver highly differentiated business outcomes. We wanted to launch a fund dedicated to this segment so that our investors could directly participate in the compelling outcomes we believe we can continue to deliver in the middle market.”
“Broad-based employee ownership and engagement programs are a key part of how KKR creates and maintains value across our portfolio companies. Having seen the great success of these programs in other areas of KKR’s portfolio, we are thrilled that Ascendant will build on that strong foundation,” said Nancy Ford and Brandon Brahm, Co-Heads of KKR’s Ascendant strategy. “These programs, which provide both equity ownership to employees and a strategy to enhance employee engagement, are implemented with the goal of creating aligned interests and enabling all employees to participate in the investment outcomes their work creates.”
To date, Ascendant has invested in six leading North American companies including Alchemer, 123Dentist, Industrial Physics, Potter Global Technologies, mdf commerce and Marmic Fire & Safety.
The Fund, which was oversubscribed and closed at its hard cap, received strong backing from a diverse group of new and existing global investors, including public pensions, family offices, insurance companies and other institutional investors.
Since 2011, KKR has supported companies in implementing broad-based employee ownership programs throughout our portfolio, first in our US Industrials private equity investments and now more broadly across sectors and regions. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. To date, more than 50 KKR portfolio companies have awarded billions of dollars in equity to over 110,000 non-senior management employees.
Debevoise & Plimpton LLP represented KKR as primary fund counsel for this fundraise.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
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Media
Liidia Liuksila or Emily Cummings
(212) 750-8300
media@kkr.com
Source: KKR
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