Accel-KKR, a technology-focused private equity firm, has raised $4.4 billion for Accel-KKR Capital Partners VII LP and $920 million for Accel-KKR Emerging Buyout Partners II LP.
Fund VII will continue Accel-KKR’s strategy of making majority buyout investments in lower-middle-market and middle-market software and IT-enabled services companies. The fund includes $300 million from Accel-KKR’s general partner and affiliates.
The Emerging Buyout fund will continue the firm’s strategy of investing in software and tech-enabled services companies, with a special focus on small-cap companies. It includes $72 million from the general partner and affiliates.
“In raising these two new funds, we will continue our long-term strategy of working in partnership with management teams of the companies in which we invest, aggressively supporting their growth objectives by providing capital and operational support to fuel accelerated organic and inorganic growth,” states Tom Barnds, co-managing partner at Accel-KKR.