KKR & Co. will surpass its $20 billion target for the firm’s flagship Americas private equity vehicle after it wraps up fundraising, setting a record for the strategy, according to people with knowledge of the matter.
The alternative asset manager may hit the $22 billion hard cap for North America Fund XIV as it targets a close in the first quarter, after about 18 months of fundraising, the people said, asking not to be identified discussing confidential information.
KKR began gathering cash for the vehicle in June 2024. It raised $19 billion for the prior fund.
A spokesperson for New ...
