KKR, a global investment firm, closed KKR Global Impact Fund SCSp, at $1.3 billion.
The fund received backing from a diverse group of new and existing global investors, including public pensions, family offices, high net worth individual investors and other institutional investors. KKR will be investing more than $130 million of capital in it alongside these investors through its balance sheet and employee commitments.
Led by Robert Antablin and Ken Mehlman, Co-Heads, KKR Global Impact, KKR Global Impact Fund is dedicated to investment opportunities in companies whose core business models provide commercial solutions to an environmental or social challenge across the Americas, Europe and Asia.
Specifically, the fund is focused on generating private equity risk-adjusted returns by investing in companies in the lower middle market that contribute measurable progress toward one or more of the United Nations Sustainable Development Goals (“SDGs”).
In particular, KKR has identified the following macro themes:
- Mitigating and adapting to climate change;
- protecting clean water;
- learning and workforce development;
- responsible waste management;
- leveraging technology to enhance safety, mobility and sustainability;
- serving globally conscious consumers healthier and more sustainable products and services; and
- upgrading declining industry and infrastructure.