KKR Raises $8 Billion European Flagship Fund in Tough Market

KKR & Co. has closed its largest-ever European buyout fund, giving the investment firm ammunition for deals at a time when private equity is navigating volatile markets.

KKR has raised fresh commitments of $8 billion, including more than $1 billion of that from its own balance sheet and employee commitments, KKR said Tuesday in a statement. That compares with the $6.6 billion fund it raised in 2019.

The announcement comes at a time of volatile markets and macroeconomic uncertainty. Private equity firms have found it harder to raise commitments from institutional investors, which have remained cautious against the economic backdrop ...