KKR, a U.S. private equity firm that raised US$711 million for its Next Generation tech fund in 2016, is seeking investments in Toronto, Waterloo and Vancouver. However, it’s yet to close a Canadian deal. “We have actually put a couple of term sheets down on companies, but we didn’t win the business, somebody overbid us,” said Dave Welsh, who leads KKR’s technology, media and telecommunications strategy. (Financial Post)
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