KKR racks up $2.8bn for sophomore global impact fund

• The fund’s investors include public pensions, family offices, insurance companies, and other institutional investors
• KKR will be investing $250 million of capital in the fund
• Founded in 1976, KKR is headquartered in New York City

KKR has closed its second global impact fund at $2.8 billion.

KKR Global Impact Fund II will invest in companies whose products and services contribute measurable progress toward the United Nations Sustainable Development Goals.

The fund’s investors include public pensions, family offices, insurance companies, and other institutional investors.

“We launched KKR Global Impact in 2018 because we saw an opportunity to invest behind proven companies that deliver scalable, commercial solutions to global problems,” said Robert Antablin, KKR partner and co-head of KKR Global Impact in a statement. “Since then, that opportunity set has continued to grow, and we are thrilled with the outcomes our portfolio companies have been able to achieve. We are grateful for the support of our investors who share our conviction in this space, which we believe is well placed given the strong performance of our first fund.”

KKR will be investing $250 million of capital in the fund alongside investors through the firm’s balance sheet, affiliates and employee commitments.

Founded in 1976, KKR is headquartered in New York City.