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KKR raises $2.2bn for next-gen technology fund

Next Generation Technology Growth Fund II is more than three times bigger than its predecessor

KKR has closed its second Next Generation Technology Growth Fund at $2.2bn. The vehicle is dedicated to growth equity investment opportunities in the technology space in North America, Europe, and Israel, the company said.

Considerably bigger its predecessor, which closed at $711m in 2016, the fund will target assets valued above $50m in areas such as enterprise software, digital media, fintech, and tech-enabled and data services.

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