KKR closes $1.5B healthcare fund

KKR closed its KKR Health Care Strategic Growth Fund at $1.5 billion. KKR will contribute $265 million to the fund, which will target companies in the Americas addressing “clinical/technological innovation, cost containment, and consolidation of therapeutic offerings or care providers.”

The firm said new and existing investors included public pensions, insurance companies, family offices and individual investors. The fund will invest up to $100 million per company. ...