KKR MM Fund Ascendant
Anyone have info / insight on KKR’s middle market dedicated fund Ascendant? Seemed to raise sizable amount (5bn) but obviously new strategy
Trending Content
| +97 | Sr Asso / VP Unemployment Check-in | 59 | 10h | |
| +39 | What did you do after signing? | 13 | 9h | |
| +26 | PE Recruiting From IB- Play It Safe Or Reach For Best Fund Possible? | 11 | 1d | |
| +26 | PE / IB in NYC from Cambridge compared to US colleges | 26 | 1d | |
| +25 | Resume Gap after 2.5 Years in PE | 5 | 4d | |
| +23 | Where is there untapped value in secondaries? | 14 | 13h | |
| +21 | Public company LBO | 8 | 20h | |
| +19 | VP HF Lateral to PE | 1 | 4d | |
| +18 | What is GS Private Equity like? | 8 | 2s | |
| +16 | How Technical Are You / Most People Really? | 3 | 4d |
Career Resources
Bump
Worked/dealt with them a little bit in the past. Seems like it is more or less the same thing as the main buyout fund just smaller check size maybe. Good luck
This is right, plan is to have an execution team focused on the middle market fund but leverage industry expertise from the flagship fund team
Have some detail I can provide here (friend works there) -
Basically KKR’s response to feeling like they missed a lot of great mid size deals (basically anything $100M-$1B) that didn’t fit an existing strategy. Most MFs were already playing in this space in some way or another (either by willing to go smaller out of their main funds or with dedicated smaller fund vehicles).
Idea is to leverage KKR platform/expertise/ops team/etc. Unclear to me if this is a dedicated team vs just existing IPs working on deals of both sizes (I assume answer is a mix of both).
My understanding is it will invest in anything but probably a slant to tech. Have done one deal out of it already (was a tech deal).
It makes sense IMO, tech focused funds have had an awesome run with their down market funds (Thoma, Vista, Hg all have different sized vehicles) and it’s another way to pick up AUM.
Question will be if they can actually beat UMM/MM funds at their own game as there is just a lot more competition in the sub-1b check size vs what KKR is used to. Will be interesting to see how it goes for then
Sed ut sed quam et architecto. Ipsa animi officia dolores quia quae perferendis. Quisquam voluptatibus est et. Quaerat nam quis enim asperiores earum. Itaque ut animi ut incidunt excepturi voluptas.
Non modi exercitationem sit quis non excepturi maxime. Ipsam maiores et hic rerum a nesciunt. Accusantium sequi aliquam id porro qui doloremque consequatur rerum.
Officia rem rem minus veritatis aliquid. In id deserunt soluta dolor possimus facere nam. Pariatur sint deleniti ut doloribus architecto id sit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...