Private Equity

KKR gathers $711m for technology growth fund

Firm's first vehicle dedicated to investing in the technology, media and telecommunications sector exceeds original target

KKR gathers $711m for technology growth fund

KKR closed its first dedicated fund for taking stakes in fast-expanding technology, media and telecommunications companies at a time the sector has become a hot investment target for private equity.

The New York firm said its $711 million KKR Next Generation Technology Growth Fund exceeded its original target, which KKR declined to disclose.

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