Technology-focused private equity firm Accel-KKR has received a minority investment from PACT Capital Partners, a newly-formed GP stakes platform targeting middle-market alternative asset managers, according to a report by Alternatives Watch.
The strategic investment is aimed at bolstering Accel-KKR’s capital base across its existing strategies and fuelling continued growth initiatives. Importantly, no proceeds from the transaction will be distributed to the firm’s principals, according to a statement from Accel-KKR.
Founded earlier this year by Christian von Schimmelmann and Brian Vickery, PACT Capital seeks to back high-performing general partners through its proprietary imPACT platform, offering both capital and strategic resources.
Von Schimmelmann, formerly Global Co-Head and Investment Committee Co-Chair at Goldman Sachs’ GP stakes arm Petershill Partners, brings extensive experience in the sector, having helped raise over $10bn during his tenure. Vickery previously held roles at McKinsey & Company’s Private Capital Practice and Cambridge Associates.
Accel-KKR Managing Partners Tom Barnds and Rob Palumbo cited a longstanding relationship with von Schimmelmann as a key factor in the partnership, calling the transaction a natural extension of that history.
Menlo Park-based Accel-KKR manages more than $21bn in cumulative capital commitments, with a focus on growth investments in software and tech-enabled businesses.
The firm was recently ranked No. 9 in the HEC Paris–Dow Jones Large Buyout Performance Rankings, which assessed the performance of nearly 2,700 funds managed by 649 firms globally.
Financial terms of the investment were not disclosed.
