At KKR, the fundraising never stops. Mere days after closing its latest Americas buyout fund on $13.9 billion—the second-largest in the world since 2013—the private equity juggernaut is back at it, with AltAssets reporting that the firm has put an $8.5 billion hard cap on its next Asia fund, the firm’s third. The most recent edition of the KKR Asia series closed on $6 billion in 2013.
Another investor, meanwhile, is eyeing a mega-fund of its own: Insight Venture Partners, which is targeting $6 billion for its 10th tech-focused growth fund, also according to AltAssets. A close will of course be some ways off, but the vehicle will likely still represent a rapid turnaround from its predecessor, Insight Venture Partners IX, which closed in 2015 with $4.75 billion in commitments (including a co-investment vehicle).