KKR raises US$2.8bil for sustainability and social equity fund

Right moves: KKR’s head of Germany Christian Ollig speaks at a conference in Frankfurt. The company’s second global impact fund is dedicated to investments that advance sustainability and social equity, and one or more of the UN’s sustainable goals. — Bloomberg

NEW YORK: Private equity firm KKR and Co Inc has raised US$2.8bil for its second global impact fund dedicated to investments that advance sustainability and social equity.

Ken Mehlman and Robert Antablin, the fund’s co-heads, told Reuters in an interview that more opportunities to deploy capital led to the firm attracting commitments from investors for more than double its first US$1.3bil impact fund raised in 2020.