Kohlberg Kravis Roberts, Accel launch Net fund for big companies

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New York--Kohlberg Kravis Roberts & Co. and Accel Partners have launched a $50 million fund to invest in the Internet units of big companies. Accel partner James Breyer told The Wall Street Journal that Accel and Kohlberg Kravis Roberts & Co. want to raise hundreds of millions or even billions of dollars. Most venture capital funds invest in start-ups or rapidly growing technology companies.
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