KKR Invests Record Amount of Cash on Asset Growth, Tech Bets (1)

KKR & Co. deployed a record amount of money in new investments in the third quarter as assets soared and the dealmaker pushed deeper into technology-related bets.

The alternative asset manager committed $24.4 billion across industries, according to a statement Tuesday. That exceeded the prior high reached in the second quarter.

The firm almost hit another milestone, taking in $28.3 billion in new capital in the three-month period. That brings the total for the year to $101.7 billion, putting KKR ahead of its capital-raising goal. About 40% of the quarterly inflows in private markets came from real estate.

Assets ...