Welcome!

News Feed Item

Accel-KKR Raises Its Second Structured Capital Fund with $325 Million in Capital Commitments

MENLO PARK, Calif., March 31, 2014 /PRNewswire/ -- Accel-KKR, a technology-focused private equity investment firm with over $2.5 billion under management, today announced the completion of fundraising for Accel-KKR Structured Capital Partners II with $325 million in committed capital, exceeding its target.  The new fund continues the predecessor fund's focus on making minority equity investments in growing technology companies via senior equity and other structured securities.  Accel-KKR raised its first Structured Capital Fund, with $180 million in capital commitments, in 2011.  The firm also is investing out of its fourth buyout fund, Accel-KKR Capital Partners IV, a fund with over $800 million in capital commitments that was raised in 2012.

Accel-KKR, founded in 2000, invests in middle market software and technology enabled service companies with revenues greater than $10 million.  The firm invests in both majority ownership situations via its buyout funds, and minority equity positions through its Structured Capital funds.  In recent years, the firm has expanded its geographic focus with investments in companies in Australia, England, Northern Ireland, Scotland and the Netherlands.  Accel-KKR opened a London office in August 2013.

Accel-KKR Structured Capital Partners II received strong support from existing limited partners and also attracted numerous first-time investors.  Commenting on the fund closing, Rob Palumbo, Managing Director of Accel-KKR, said, "We are heartened by the support we received from our existing investors, which provided for an expedited fundraising process, allowing the firm to continue its focus on identifying and working closely with great businesses that need capital to continue their growth."

Tom Barnds, Managing Director of Accel-KKR, said, "The idea behind our Structured Capital funds developed over the years as we saw so many good businesses with great management teams where minority stakes -- as opposed to majority investments -- made sense.  We thank our investors for their continued support."

"While Accel-KKR invests in a wide variety of situations from our Structured Capital funds, we have found a particularly attractive niche in working with closely-held, owner-operated businesses that need capital for growth," said Greg Williams, Managing Director at Accel-KKR who focuses on structured capital opportunities for the firm.

The partners and employees of Accel-KKR are committing 7% of the capital to Accel-KKR Structured Capital Partners II, making the firm one of the largest investors in the fund.  "We believe in strong alignment of incentives with our investors, and a very significant financial commitment from the firm to the fund is one of the many ways we seek to build and demonstrate that alignment," said Tom Barnds and Rob Palumbo.

The firm began raising Accel-KKR Structured Capital Partners II in early 2014 with a $250 million target.  The firm has had two liquidity events from its first Structured Capital fund, including the sale of N-able Technologies to SolarWinds for $127 million in May 2013.

About Accel-KKR
Accel-KKR is a technology-focused private equity firm with over $2.5 billion in assets under management.  The firm invests primarily in software and IT-enabled businesses well positioned for top-line and bottom-line growth.  At the core of Accel-KKR's investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network.  Accel-KKR focuses on middle market companies and provides a broad range of capital solutions from minority growth investments to buyouts, recapitalizations, divisional carveouts and going-private transactions.  The firm is headquartered in Menlo Park and has offices in Atlanta and London.  For more information, please visit www.accel-kkr.com.

Accel-KKR Contact:

Todd Fogarty
Kekst and Company
212-521-4854
[email protected]

SOURCE Accel-KKR

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.