Accel-KKR Raises Two Buyout Funds, Totalling $5.3 Billion
Summary
• Fund VII will continue Accel-KKR’s long-term focused strategy of making majority buyout investments in lower-middle market and middle-market software and IT-enabled services companies well-positioned for top-line and bottom-line growth, • Emerging Buyout fund will continue Accel-KKR’s long-standing strategy of investing in software and tech-enabled services companies, with a special focus on small-cap companies. Led by Co-Managing Partners Tom Barnds, and Rob Palumbo, Accel-KKR is a technology-focused investment firm with $19 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses developing partnerships with the management teams of its portfolio companies by leveraging the resources available through its network. The close of Fund VII and Emerging Buyout II comes amidst a period of significant activity for Accel-KKR in terms of new investments, add-on acquisitions by portfolio companies and realizations of investments. Recent new platform investments include: • PayProp, a UK-based processor of rental payments for the property management industry; • Yes Energy, a US-based provider of North American power market data and software solutions; • StoreForce, a US-based retail execution and workforce management solution for specialty retailers; and,