Wednesday, 25 May 2016
Last updated 9 min ago
Sep 10 2008 | 11:09am ET
Accel-KKR, a technology-focused private equity investment joint-venture set up by Kohlberg Kravis Roberts, has raised $600 million for its third fund.
Accel-KKR Capital Partners III’s investors include college and university endowments, corporate pension plans, foundations, insurance companies, investment advisors, state and government retirement systems and family offices.
AKKR III will acquire and invest in mid-market companies across multiple segments of the technology industry, including software, Internet technologies and IT-enabled services with revenues between $15 million and $150 million.
Accel-KKR's first fund was created in 2000 by Accel Partners and Kohlberg Kravis Roberts to invest in technology assets and businesses that were outside of each firm's core focus.