Global investment firm KKR seeks $20bn for North America Fund XIV amid high interest rates.
KKR, a global investment firm, seeks $20bn for its latest North America private equity fund, North America Fund XIV, despite challenging fundraising conditions due to high interest rates. The fund aims for a net internal rate of return (IRR) of at least high-teens and a steady annual deployment of 20% - 25% of the raised capital. KKR is optimistic about its fundraising efforts, noting that conditions have improved over the past year.
June 24, 2024
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