KKR has announced it has closed its newest fund, KKR North America Fund XIII, with $19 billion.

The fund, which will focus on pursuing private equity investments in North America, was oversubscribed.

The private equity platform of Kohlberg Kravis Roberts (KKR) & Co., which is based in New York, considers investments in all industries, including healthcare. Founded in 1976, the firm prefers to invest in a range of debt and public equity investing and may co-invest, seeking a controlling ownership of a company or a strategic minority position.