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11/5/2019, 6:28 AM (Source: TeleTrader)
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KKR raises €5.8B for biggest European fund

American buyout group Kohlberg Kravis Roberts (KKR) reportedly managed to raise its largest-ever European fund. The company said to commit 28% of the €5.8 billion fund to deals before the process closes on Tuesday.

Head of Europe for KKR Johannes Huth told Financial Times that "average investment periods for funds have shrunk a little as people are seeing opportunities in the market." The new fund will aim for merging with European companies worth between €500 million and €2 billion in sectors as healthcare and finance.

In August, the company bought more than 20% of German publishing company Axel Springer. KKR now plans to invest $400 million from its own employees and the firm. Other investors will be wealthy families, lenders, insurers and pension funds.

Breaking the News / TF