KKR Amasses $1.3 Billion for Its Debut Global Impact Fund

KKR & Co. raised $1.3 billion for its first global impact fund, one of the largest of its kind, as the alternative asset manager steps up investments in businesses tackling environmental and social challenges.

The fund is being backed by pensions, family offices, institutional investors and high-net-worth individuals, KKR said Wednesday in a statement announcing the close of capital raising. The New York-based firm is investing $130 million of its own capital alongside clients.