KKR could reap a tenfold return from an exit in its global impact strategy at a time when the market is collecting evidence on how sustainability can add to value creation, and the LP universe is hoping for a welcome increase in distributions.

The Financial Times reported this week that KKR could collect upwards of $3 billion from the sale of CoolIT Systems, a liquid cooling technology company based in Calgary, Alberta. CoolIT was valued at $270 million when KKR bought a majority stake through its global impact platform in May 2023. KKR declined to comment when approached by New Private Markets.

KKR said at the time of the acquisition that data and computing needs were on a “collision course” with sustainability…