Technology investor Accel-KKR is raising more than $1 billion for a new growth capital fund and its final closing is expected next month, according to a person at the fundraiser.
Menlo Park, Calif.-based firm Accel-KKR is on track to raise about $1.25 billion for Growth Capital Partners IV LP, according to people familiar with the situation. Multistrategy Investor manages more than $10 billion of committed capital, according to its website.
Earlier this month, recently formed Recogniz Partners said it had raised about $1.3 billion for its first fund. Recognize will focus on technology-services companies and may also bet on first-stage businesses and emerging technologies.
Read more/Source: Bharat Times
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