#United States #Investment #Menlo Park #Accel-KKR #PACT Capital

Accel-KKR Secures Minority Equity Investment from PACT Capital Partners

Accel-KKR, a private equity firm specializing in software and technology investments, recently confirmed a strategic minority equity investment from PACT Capital Partners. This collaboration is set to amplify Accel-KKR's capital commitments, thereby fostering the growth of its current investment strategies. Notably, the investment from PACT will not be allocated to the firm's principals, ensuring that the capital is focused on expanding operational capacity.

In a joint statement, Tom Barnds and Rob Palumbo, the co-Managing Partners of Accel-KKR, expressed their enthusiasm for the partnership, remarking, "This investment by PACT will accelerate our achievement of our strategic goals, and we are excited to extend our relationship with Christian von Schimmelmann, who has been a friend to Accel-KKR for many years. We look forward to leveraging PACT's relationships and value-added capabilities through their imPACT team."

A significant aspect of the partnership is that the principals of Accel-KKR are already the major investors in the firm's capital base, creating a strong alignment with their limited partners. Barnds and Palumbo underscored that the PACT investment would catalyze an expansion of future capital commitments across Accel-KKR's entire platform, indicating an optimistic outlook for upcoming projects.

Christian von Schimmelmann, the Managing Partner at PACT, shared his excitement about this collaboration, calling Accel-KKR one of the foremost technology investment platforms globally. He expressed his intent to provide both capital and strategic support to enhance Accel-KKR's operations. On a personal note, he highlighted his positive relationship with Barnds and Palumbo, whom he regards as leaders in the private investment sector.

Brian Vickery, a Partner and head of PACT's imPACT Platform, noted that Accel-KKR has successfully created a diversified investment platform over decades, emphasizing that both teams are eager to collaborate on future endeavors.

While details about the financial specifics of the deal are not disclosed, the collaboration is anticipated to position Accel-KKR positively within the competitive investment landscape.

About Accel-KKR

Founded on a technology-centric approach, Accel-KKR manages approximately $21 billion in aggregate capital commitments. Focused primarily on software and tech-enabled enterprises, the firm emphasizes driving growth in its portfolio companies through strategic management partnerships. Accel-KKR's investment strategy encompasses a wide array of capital solutions, beneficial for both buyout capital and minority-growth investments.

With a commitment to middle-market companies, Accel-KKR caters to various transaction types, such as private company recapitalizations and divisional carve-outs. Headquartered in Menlo Park, California, the firm also has established offices in Atlanta, Chicago, London, and Mexico City.

About PACT Capital Partners

PACT Capital is an independent investment firm that focuses on offering capital and strategic support to middle-market alternative asset management firms. Having a mission to collaborate with high-performing private capital firms, PACT assists in achieving strategic objectives by leveraging its proprietary imPACT platform. Based in New York, the firm is committed to driving capital formation, optimizing operational processes, and enhancing overall outcomes for portfolio companies.

This alliance of Accel-KKR and PACT Capital Partners signifies a significant moment for both firms, promoting a vision of collaboration and growth in the investment realm.