KKR raises $2.8 billion for second global impact fund

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KKR raises $2.8 billion for second global impact fund
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Private equity firm KKR & Co Inc has completed the raise of its second global impact fund dedicated to investments that advance sustainability and social...

FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the NYSE in New YorkNEW YORK - Private equity firm KKR & Co Inc has completed the raise of its second global impact fund dedicated to investments that advance sustainability and social equity, amassing $2.8 billion.

To fall within the impact fund's scope, investments must advance one or more of the United Nations 17 sustainable development goals in a measurable way. The impact fund can invest in companies alongside KKR's other private equity funds, though in the majority of its investments it is the sole KKR fund participating.

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Oil and gas stocks have been a roller coaster ride lately, with prices dropping during the pandemic. Then, it rose when supply was tightened, and people began moving around again. The unrest in the...

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