The Accel-KKR Seventh Flagship Buyout Fund and Second Emerging Buyout Fund aggregated $5.3 billion in new capital commitments

Accel-KKR, a technology-focused private equity firm, has raised $5.3 billion in new capital commitments for two funds: Accel-KKR Capital Partners VII LP and Accel-KKR Emerging Buyout Partners II LP. Accel-KKR invests in technology companies through various funds and strategies, including Buyout, Emerging Buyout, Growth Capital, and Credit, and has $19 billion in cumulative capital commitments.

Fund VII will continue Accel-KKR’s strategy of making majority buyout investments in lower-middle market and middle-market software and IT-enabled services companies. Emerging Buyout II will focus on investing in small-cap software and tech-enabled services companies. The General Partner of Accel-KKR represents the largest investor in both funds.

The recent fundraising comes after the firm successfully closed fundraising for Accel-KKR Growth Capital IV, LP and Accel-KKR Capital Partners CV IV, LP, representing more than $8.4 billion in committed capital. The firm’s pool of investors comprises integrated health delivery networks, college endowments, charitable foundations, government employee pension plans, and top medical research institutes.

It has recently experienced a period of substantial engagement in new investments, add-on acquisitions by portfolio companies, and realizations of investments, coinciding with the conclusion of Fund VII and Emerging Buyout II.

The company has invested in or acquired over 350 technology companies, making it one of the most active private equity firms in the software and tech-enabled services sector. Accel-KKR’s portfolio companies have also implemented 42 follow-on acquisitions since the beginning of 2022.

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