KPS Capital secures $9.7b for two special situations funds

KPS Capital Partners, known for its expertise in turnarounds, successfully secured $9.7 billion for strategic initiatives in corporate carve-outs, restructurings, and special situations. The New York-based private-equity powerhouse gathered $8 billion for its flagship fund, KPS Special Situations Fund VI, focusing on acquiring controlling stakes in U.S. and European manufacturing and industrial businesses. Simultaneously, $1.7 billion was raised for KPS Special Situations Mid-Cap Fund II, designed for smaller companies within the same sector. This capital injection positions KPS to capitalize on lucrative opportunities amid economic uncertainty, aligning with its track record of success in navigating complex market conditions. The firm's commitment to targeted funds underscores its agility in addressing diverse market segments and scaling its impact in the private equity landscape.