(Bloomberg) -- KKR & Co. is looking past the angst in public and private credit markets for chances to snap up high-yielding debt and strike favorable deals in the coming year.Most Read from BloombergElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpTech Giants Lift Stocks as AI Euphoria Rages On: Markets WrapBiden Moves to Forgive Nearly $5 Billion in Student LoansHarvard, Penn Heads Walk Back Genocide Answers After
U.S. investment firm KKR & Co is looking to raise up to $7 billion for its first global climate fund that seeks to invest in energy transition opportunities, according to a person with direct knowledge of the matter. Private equity funds typically, but not necessarily, begin investing after their first-close, which is when they have received an initial round of commitments from investors. KKR's global climate fund will focus on investments involving environmentally friendly technologies such as energy storage, battery-related ventures and transportation, and decarbonizing of existing assets like conventional power and infrastructure, the source said.
NEW YORK, December 01, 2023--KKR today announced a newly promoted group of 8 Partners and 33 Managing Directors, effective January 1, 2024.