KKR closes USD$1.3 billion Global Impact Fund

KKR, a leading global investment firm, announced the final closing of KKR Global Impact Fund SCSp, a $1.3 billion fund dedicated to offering investment opportunities to companies whose core business models provide commercial solutions to environmental or social challenges.

KKR, a leading global investment firm, announced the final closing of KKR Global Impact Fund SCSp, a $1.3 billion fund dedicated to offering investment opportunities to companies whose core business models provide commercial solutions to environmental or social challenges.

KKR Global Impact Fund will focus on identifying and investing outstanding enterprises across the Americas, Europe and Asia where financial performance and societal impact are intrinsically aligned. Specifically, the Fund is focused on generating private equity risk-adjusted returns by investing in companies in the lower middle market that contribute measurable progress toward one or more of the United Nations Sustainable Development Goals (SDGs).

Over the last decade, KKR invested in businesses that provide solutions to broader societal challenges, having invested $5.5 billion across 35 companies in solutions-oriented businesses that address policy imperatives including workforce development, green energy, responsible waste management, clean water protection and others.

Building on its track record of responsible investment, KKR launched its global impact business in 2018. Since then, the 12 person global team has executed a number of transactions as part of this, including in Barghest Building Performance (BBP), Ramky Enviro Engineers, KnowBe4, Burning Glass, and the formation of a wastewater treatment platform.

The Fund received strong backing from a diverse group of new and existing global investors, including public pensions, family offices, high net worth individual investors and other institutional investors. KKR will be investing more than $130 million of capital in the Fund alongside these investors through the Firm’s balance sheet and employee commitments.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/06/kkr-closes-usd-1-3-billion-global-impact-fund/.

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