Reuters: KKR on track to launch $7b inaugural global climate fund

According to Reuters, KKR & Co is on track to launch its maiden global climate fund, targeting a substantial capital raise of up to $7 billion. The fund, designed to capitalize on energy transition opportunities, marks a strategic move by the New York-headquartered firm into the burgeoning sustainability sector. While details remain confidential, sources close to the matter indicate that KKR aims to secure the first-close of the fund in the first half of the upcoming year. This initial funding milestone will pave the way for the deployment of investments, positioning KKR to actively contribute to the global push towards a sustainable energy future.