ImpactAlpha, February 13 – Private equity giant KKR launched its Global Impact Fund just under two years ago as an early entrant into the club of private equity firms seeking to raise 10-figure impact funds (see, “For private equity giants, $1 billion is table stakes for entry into impact investing”). KKR hit the billion-dollar mark last summer. It has now closed the fund at $1.3 billion.
Among its investors is KKR itself, which invested $130 million from its balance sheet and employee commitments.
KKR Impact’s Robert Antablin declined to comment on how much of the fund has been deployed. The fund has announced four investments and launched a wastewater treatment platform (see Antablin’s post, “Why KKR is investing in wastewater treatment to manage ‘nutrients’,” on ImpactAlpha)