Chicago-based IPA 100 firm Crowe (FY25 net revenue of $1.4 billion) and global investment firm KKR announced that funds managed by KKR have closed on an equity investment in Crowe Advisory.

Crowe Advisory will provide tax, advisory and other non-attest services, while Crowe LLP will remain a licensed CPA firm providing attest services, including audits and reviews. Both firms will continue to serve clients as members of the Crowe Global network.

“Our strategic partnership with KKR empowers Crowe to make even more investments in talent, technology and innovation, resulting in a firm with greater reach and broader capabilities,” said Crowe CEO Steven Strammello.

“Crowe has built an outstanding business, with deep industry expertise,…