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Exclusive: KKR mulls tech investing platform

January 30, 2014: 12:41 PM ET

KKR has dipped its toe into tech growth equity in the past. Is it now ready to jump in the pool?


FORTUNE -- Kohlberg Kravis Roberts & Co. (KKR) is in the preliminary stages of forming a tech-focused growth equity platform, Fortune has learned.

Specific details remain very much in flux, including staff (it would be hiring from the outside), structure (either dedicated fund or, possibly, off balance sheet) and size (most likely $1b-$2b).

KKR has dipped its toe into this space a couple of times, with deals for companies like Sonos and Fotolia. It also partnered in 2000 on the creation of Accel-KKR, which today operates as an independent private equity firm focused on lower middle-market software and tech-enabled services businesses.

This new effort, if it comes to pass, would be more of an in-house, institutional effort. The main selling point would be the firm's global network of operating expertise, both for M&A and expanding into new markets.

KKR declined to comment.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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