Private equity firm KKR & Co Inc is preparing to launch its first two credit funds dedicated to investing based on environmental, social and corporate governance (ESG) principles later this year, according to an internal memo seen by Reuters.
The second fund, KKR Credit ESG Accelerator Fund, will be a global sustainability-focused fund deploying a range of private debt investing strategies including direct lending, junior debt, asset-based finance and opportunistic credit, the memo said.
The credit funds are not the first ESG-dedicated investment product launched by KKR. The New York-based firm launched a $1.3 billion private equity fund in 2019, the KKR Global Impact Fund, dedicated to investing in companies that provide commercial solutions to environmental or social challenges. That fund was valued at 1.7 times its investors’ money on a gross basis as of the end of March, according to a KKR regulatory filing.
Read more: Reuters
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