Accel-KKR, a technology-focused private equity firm, has completed Accel-KKR Capital Partners CV IV, a $1.765 billion continuation vehicle for Accel-KKR’s vintage technology buyout fund.

Accel-KKR is an investment firm with over $12 billion in capital commitments and focuses on software and tech-enabled businesses. The fund includes $325 million in new capital commitments to fund follow-on investments in several companies.

Tom Barnds, a co-managing partner at Accel-KKR, said, “Over the course of Accel-KKR’s investment in these seven high-quality businesses, they have grown more than fourfold in aggregate revenue. We look forward to continuing to partner with these great management teams as they move forward.”

Rob Palumbo, a co-managing Partner at Accel-KKR, added, “We are excited to have additional time to build value with these companies, and are pleased to invest an additional $325 million in capital to further support their continued growth.”

Evercore served as financial adviser to Fund IV. Kirkland & Ellis served as legal adviser to the funds and Accel-KKR.