The firm joins the likes of Bain, TPG and Goldman Sachs in targeting social and environmental impact with the registration of KKR Global Impact Fund.
More than one secondaries fund held a final close each month on average since we last compiled our ranking of the biggest 30 managers.
The special situations investment shop is expected to invest in fewer than 20 companies.
The Hong Kong-based manager had a 95% re-up rate and garnered commitments from new LPs including Japan Post Bank.
Cranemere Group has raised capital from a Middle Eastern family office, a public US institution and a UK pension, PEI understands.
Fundraising for this year is already higher than last year and includes four funds that closed above $10bn.
A handful of big-name deals pushed GP-led processes into the mainstream in 2017, but questions around their planning and execution will dominate discourse going into 2018.
The firm is expected to begin accepting commitments for the $500m vehicle in Q1 2018, according to a source familiar with the matter.
European firms gained ground over their North American counterparts this year with 14 managers collecting $207bn.
A move away from Wall Street is the only way to keep outperforming, the private markets investment firm's Steffen Meister tells PEI.