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KKR Invests in Crowe Advisory, Funding Growth Expansion

6/13/2026

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Summary

**KKR Invests**

KKR will invest in Crowe Advisory LLC via its North America Fund XIV, becoming Crowe’s institutional capital partner.
The investment will reorganize Crowe Advisory’s advisory services apart from Crowe LLP’s attest work.
Capital will fund hiring, technology and innovation to speed growth.
Harris Williams, Hunton Andrews Kurth and Mayer Brown will advise Crowe on financial and legal matters.
The deal should close in Q3 2026 pending standard conditions and regulatory approvals.

Summary

**KKR Funds Crowe**

KKR’s North America Fund XIV invested in Crowe, making it one of few top-20 accounting firms to receive private-equity capital.
Crowe ranked No.12 on Accounting Today’s 2026 Top 100 Firms list and reported $1.4 billion in revenue with more than 5,600 staff in 37 offices.
Its global network includes over 200 independent accounting and advisory firms in 130 countries.

History

Historical Context

In 2009 Silver Lake partnered with Andreessen Horowitz and CPPIB to buy 65% of Skype for $1.9 billion, marking its shift toward large tech buyouts. Meanwhile, KKR, after pioneering a $5 billion public-equity vehicle in 2006, now backs accounting firm Crowe Advisory through its North America Fund XIV, illustrating how private-equity firms have moved from leveraged buyouts to reshaping professional-services firms.

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**KKR Invests**

KKR will invest in Crowe Advisory LLC via its North America Fund XIV, becoming Crowe’s institutional capital partner.
The investment will reorganize Crowe Advisory’s advisory services apart from Crowe LLP’s attest work.
Capital will fund hiring, technology and innovation to speed growth.
Harris Williams, Hunton Andrews Kurth and Mayer Brown will advise Crowe on financial and legal matters.
The deal should close in Q3 2026 pending standard conditions and regulatory approvals.

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