KKR’s second direct lending fund raises $1.34 bln

Kohlberg Kravis Roberts & Co. said Thursday that its second direct lending fund closed at $1.34 billion. KKR Lending Partners II LP began soliciting third party capital in 2014 and held a first close in June. KKRLP II received backing from public pensions, insurance companies, private banking platforms, family offices and individual investors, KKR said.

Waterland Fund VI raises 1.55 bln Euros

Waterland Private Equity Investments said Thursday that it closed its sixth institutional fund, Waterland Private Equity Fund VI, at 1.25 billion Euros (US$1.34 billion), while WPEF VI Overflow Fund collected 300 million Euros (US$321.8 million). WPEF VI will make control investments in medium-sized companies located in Belgium, Luxembourg, the Netherlands, Germany, Austria, Switzerland and Poland. MVision Private Equity Advisers was the placement agent while Clifford Chance provided legal advice.


Sterling Partners unveils $200 mln education fund

Sterling Partners has teamed up with USA Funds to launch its $200 million Education Opportunity Fund. The fund will back growth-stage education companies. Sterling co-founder and Senior Managing Director Chris Hoehn-Saric and Managing Directors Shoshana Vernick and Jason Rosenberg will lead the fund.

RiverVest raises $75.8 mln toward a third fund

RiverVest Venture Partners has raised $75.8 million toward a $150 million third fund, according to a filing with the SEC. The filing says 41 LPs are involved and that the firm hopes to raise another $74.2 million.


MAB Capital launches $50 mln early-stage beverage fund

MAB Capital Management has launched Liquid Asset Brands Innovation Fund I, a $50 million fund that will back early-stage beverage companies. Liquid Asset Brands is also planning on launching its own brands and is aiming to open a craft distillery in downtown Chicago this year.


Abraaj Group’s third Sub-Saharan Africa fund closes at $990 mln

The Abraaj Group said Monday it closed its third dedicated Sub-Saharan Africa private equity fund at $990 million. Sixty four percent of the capital committed to Abraaj Africa Fund III came from European and North American investors. AAF III will target consumer goods and services, consumer finance, and resource and infrastructure services in the core geographies of Nigeria, Ghana, Côte d’Ivoire, South Africa and Kenya.

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