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Report: KKR's 1st impact investment fund exceeds $1B target ahead of closing

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Report: KKR's 1st impact investment fund exceeds $1B target ahead of closing

Private equity giant KKR & Co. topped the $1 billion target for its first fund that seeks to address social and environmental issues with private capital, Bloomberg News reported, citing a person with knowledge of the matter.

The KKR Global Impact Fund, which started collecting capital commitments in early 2018, reportedly has yet to close.

Environmental services provider Ramky Enviro Engineers Ltd. in India and energy optimization solutions company Barghest Building Performance Pte. Ltd. in Singapore are the first two companies backed by the fund.