Exclusive: KKR raises $18.5 billion for flagship North America buyout fund - sources
By Chibuike Oguh
Reuters
(Reuters) - KKR & Co Inc has amassed about $18.5 billion for its latest flagship North America private equity fund, raising its biggest-ever fund in less than five months, people familiar with the matter said on Monday.
The fundraising wrapped up quickly by industry standards, given that many buyout funds can take a year or more to raise. It also happened with limited travel among KKR executives amid the COVID-19 pandemic, underscoring investor demand for private-equity funds that promise to outperform the booming stock market.
KKR raised about $17 billion for KKR North America Fund XIII from investors including sovereign wealth funds, family offices and public and private pension funds, the sources said. An additional $1.5 billion has been committed to the fund by KKR and its employees, the sources added.
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By Jon Peterson2021-04-23T13:31:00+01:00
Oregon Public Employees Retirement Fund (PERF) has become an investor in the AEW Core Property Trust following the acquisition of $110m (€91.5m) worth of shares from an unnamed exiting limited partner (LP).
Anthony Breault, senior investment officer for the Oregon State Treasury, which oversees the investments for Oregon PERF, said: “We actually underwrote a potential investment in the AEW fund three years ago when we were looking to expand our core open-ended fund sector.”
This new investment came about as a result of Oregon PERF being contacted by AEW and the LP, Breault said.
Arizona appoints new CIO
Arizona appoints new CIO
Michael C. Viteri
Michael C. Viteri was named chief investment officer of the $48 billion Arizona State Retirement System, Phoenix.
He will join the pension fund June 1, spokesman David Cannella said in an email. Mr. Viteri replaces
Karl Polen, who retired in November.
Mr. Viteri is currently senior investment officer with the Oregon State Treasury. The treasury department includes the Oregon Investment Council, which oversees the $82 billion Oregon Public Employees Retirement Fund, Tigard. Oregon spokeswoman Rachel Wray could not be immediately reached for further information.
Before joining Oregon in 2008, Mr. Viteri was a portfolio manager and trader at the Arizona system for eight years.