KKR Closes Record $23 Billion North America Private Equity Fund, Its Largest Ever -- Update

By Nicholas G. Miller

KKR closed a $23 billion fund focused on private equity investments in North America even as the industry faces turmoil.

The company said the fund, called NAX4, received support from public and private pension plans, sovereign wealth funds, insurance companies, endowments and foundations, private wealth platforms, family offices, high-net-worth individual investors and other institutional investors.

"Raising our largest fund in this environment reflects the consistency of our approach and the work our teams are doing inside our portfolio companies every day," said Pete Stavros and Nate Taylor, global co-heads of private equity at KKR.

NAX4 is the largest private equity fund raised that focuses on investing solely in North America, KKR said.

The fund, which began fundraising in June 2024, intends to support majority-owned companies in implementing broad-based employee ownership programs.

The closing brings the total amount of capital raised across the most recent vintages of KKR's flagship regional funds to $46 billion, the firm said.

Write to Nicholas G. Miller at [e-mail]

(END) Dow Jones Newswires

04-02-26 0809ET