– Accel-KKR receives minority equity investment from PACT Capital Partners
– Accel-KKR, a software and technology-focused private equity firm, has received a minority equity investment from PACT Capital Partners.
– PACT is a GP stakes investment firm focused on the middle market.
– Proceeds from the investment will be used to increase Accel-KKR’s capital commitments to its current strategies and support the firm’s growth.
– None of the invested capital will be distributed to Accel-KKR’s principals.
– Co-Managing Partners Tom Barnds and Rob Palumbo stated that the investment will accelerate strategic goals and deepen ties with PACT’s Christian von Schimmelmann.
– Barnds and Palumbo emphasized that Accel-KKR’s principals are already the largest investors in their funds, aligning their interests with LPs.
– Christian von Schimmelmann praised Accel-KKR as a top-tier technology investment platform and expressed enthusiasm for the continued partnership.
– Brian Vickery, head of PACT’s imPACT Platform, commended Accel-KKR’s strong, diversified platform built over decades.
– Houlihan Lokey acted as financial advisor to PACT.
