KKR & Co Inc on Tuesday said it had closed its sixth and largest European private equity fund at $8.0 billion, a significant boost for the investment firm at a time of market volatility and sinking interest in major acquisitions.
Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid//File Photoon Tuesday said it had closed its sixth and largest European private equity fund at $8.0 billion, a significant boost for the investment firm at a time of market volatility and sinking interest in major acquisitions.
Private equity firms have been forced to write larger equity checks for their deals as debt financing for global mergers and acquisitions dried up amid rising interest rates, high inflation and fears of a recession in major economies.