KRG Waits Until Later This Year to Raise Fund V

Who isn’t fundraising just yet?

That’s KRG Capital Partners. The Denver-based private equity firm expects to begin marketing for its fifth fund in late 2013, a source says. The pool will likely look to collect a similar amount as the firm’s prior fund.

In 2007, KRG collected $1.96 billion for its fourth pool. KRG Capital Fund IV L.P has produced a net IRR of 11.8%, according to June 30 data from CalPERS. The firm’s third fund raised $715 million in 2005. Performance data for that fund was unavailable.

KRG was expected to begin marketing soon. Buyouts reported last March that KRG had returned more than $800 million to investors and fund IV was 70% invested. The current investment status of fund IV is unclear. KRG is still busy putting its fourth fund to work, the person says.

KRG Capital invests in several sectors including healthcare services, industrial, energy services/infrastructure as well as packaging & labeling. “New platform candidates” should have EBITDA ranging from $10 million to $100 million, according to KRG web site.

In December, Diversified Foodservice Supply, which is backed by KRG, acquired Franklin Machine Products. KRG, in 2012, also invested in Home Solutions Holdings, Convergint Technologies and Ansira Partners.

Photo courtesy of Shutterstock

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