Trumpeting what the firm describes as an overall 27% gross IRR, Kohlberg Kravis Roberts has wrapped up the fundraising for its second European vehicle, closing €1.5bn over target with the €4.5bn fundraise.
As expected, Kohlberg Kravis Roberts announced a €4.5 billion ($5.4 billion) final close for KKR European Fund II, the follow up to the firm’s $3 billion inaugural European fund raised in 1999. The new vehicle exceeded its initial target by €1.5 billion.
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