KKR & Co. plans to launch its first-ever fund to invest in mid-size companies and may raise as much as $5 billion for the effort.
KKR and its publicly-listed peers are expanding into new strategies as they seek to increase assets under management and bolster fee revenue. The firm has indicated that it will fundraise across at least 30 strategies this year, including various real estate products, a Europe private equity pool and a social good fund. It recently raised $17 billion for its biggest infrastructure fund ever and is wrapping up gathering money for its flagship buyout fund.
Middle-market buyout funds raised a record $67 billion globally last year, according to Preqin data.
Read more: BNN Bloomberg
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