KKR (NYSE:KKR) has announced the closure of its KKR North America Fund XIV, known as NAX4.
This fund, dedicated exclusively to private equity investments in North America, has raised approximately $23 billion — making it the largest private equity fund focused solely on the region, KKR stated in a press release.
NAX4 attracted a wide array of investors, including public and private pension plans, sovereign wealth funds, and insurance companies, among others. The fund aims to continue its predecessor’s strategy of supporting companies with broad-based employee ownership programs, which KKR views as essential for fostering stronger companies and expanding financial opportunities.
“Raising our largest fund in this environment reflects the consistency of our approach and the work our teams are doing inside our portfolio companies …
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