KKR closed the KKR Special Situations Fund at $2 billion, double the fund's commitment target, confirmed Kristi Huller, KKR spokeswoman.
Fund executives began raising the fund, which will primarily make distressed and event-driven investments, in 2012. The fund held its first close in December 2012. It has invested about 30% of committed capital.
Investors in the fund include the $12 billion Maine Public Employees Retirement System, Augusta, and the $119.7 billion Texas Teacher Retirement System, Austin.
