KKR has closed its $1.3 billion Global Impact Fund, dedicated to investing in companies in the lower middle market that contribute to one or more of the United Nations Sustainable Development Goals (SDGs).
“The UN SDGs were developed to mobilize citizens, policymakers, technologists and investors to address global challenges,” said Robert Antablin and Ken Mehlman, KKR Partners and co-heads of KKR Global Impact. “As investors, we have a significant role to play in building businesses that contribute to SDG solutions while also generating financial returns for our fund investors by doing so.”
KKR has identified several macro themes where it believes the fund can contribute meaningfully to help achieve the SDGs. Among these are mitigating and adapting to climate change, protecting clean water, responsible waste management and upgrading declining industry and infrastructure, among others.
The Global Impact Fund was backed by a diverse group of new and existi