About This Fund
KKR Next Generation Technology Growth Fund III is the third vehicle in KKR's technology-focused growth equity series, completing its fundraise with approximately $3 billion in capital commitments in October 2023. The fund reflects KKR's conviction in growth-stage technology investing as a distinct strategy from its flagship buyout platform, targeting companies that have achieved product-market fit and significant revenue scale but require institutional growth capital to accelerate global expansion.
The fund's mandate centers on control and significant-minority investments in enterprise software, technology-enabled services, internet platforms, and data-driven businesses. KKR brings to bear its global commercial relationships, operational expertise, and balance-sheet resources to help portfolio companies pursue geographic expansion, M&A programs, and talent acquisition. Target investment sizes range from $100 million to $400 million, with the fund typically partnering with founder-owned or sponsor-backed businesses at Series C stage and beyond.
Building on the performance of Fund I and Fund II, the third vintage benefits from KKR's expanded technology network across North America, Europe, and Asia Pacific. KKR committed approximately $400 million of its own capital to Fund III alongside limited partner investors, representing a substantial GP alignment. The technology growth platform complements KKR's global infrastructure and buyout strategies, providing targeted exposure to secular technology adoption trends in cloud, AI, and digital transformation.