Accel-KKR is looking to raise up to $2.55bn for its latest flagship fund, Accel-KKR Capital Partners VI.
The tech-focused firm has yet to register any capital commitments for the fund according to an SEC filing, however last week the fund reportedly secured a $150m commitment from the Los Angeles County Employees Retirement Association, according to a Pensions & Investment report.
Accel-KKR typically invests in mid-market software and technology enabled services companies located across the Americas, Europe, Latin America, Australia and Asia.
The firm has invested in more than 100 companies such as Abrigo, Paymentus, Prism HR and Vitu.
The firm collected $1.3bn for the final close of its fifth flagship PE fund in 2015, which was significantly more than the $750m the firm pulled in for Fund IV in 2012.
Accel-KKR has raised $5bn of capital commitments across its buyout and growth capital funds since launching in 2000.
Earlier this year the private equity house merged tech providers Travel Tripper and Pegasus.
Last year, the firm led an undisclosed investment into SugarCRM, a provider of customer relationship management solutions. Its platform helps businesses create deeper customer relationships and helping streamline management and reporting.
Its portfolio also houses a number of other RegTech solutions including credit risk and compliance provider Abrigo and data governance and operational processing software developer Delta Data.
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