KKR, an investment firm, has closed KKR North America Fund XIII, a $19 billion fund focused on private equity investments in North America.

KKR is an investment firm that offers alternative asset management, capital markets and insurance services. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR will be investing $2.0 billion of capital in the fund alongside investors through the firm’s balance sheet, affiliates, and employee commitments.

“We are thrilled to have had such strong receptivity to our fundraising effort, and we are extremely proud of the results we’ve been able to deliver for our investors,” said Pete Stavros and Nate Taylor, co-heads of the Americas private equity platform at KKR. “Particularly at a time of continued volatility, we believe we are entering a macroeconomic environment that is tailor-made for private equity and for KKR specifically, and are grateful to have the support of our investors and their confidence in our team. We are excited about the early momentum for NAX3 and remain laser focused on delivering outstanding results.”

Debevoise & Plimpton LLP represented KKR as primary fund counsel for this fundraise.