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KKR eyes up to €3.5bn for new Europe investment fund

13 Mar 2014

Global private equity house  KKR is looking to raise up to €3.5bn for its latest European investment fund, Bloomberg has reported.

The fund, the firm’s fourth targeting the region, follows its $6.1bn vehicle, KKR European Fund III, raised in 2008. The fund had $1.7bn of capital remaining at the close of 2013, with a 7.8 per cent IRR.

Earlier this month the firm beats target for a new oil and gas-focused energy vehicle by closing the fund on $2bn. The vehicle will target “unconventional” oil and gas resources in North America according to KKR, which said it would focus on joint venture drilling investments, acquiring minerals and royalties and picking up legacy project assets.

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