Funds managed by KKR (NYSE: KKR) have closed an equity investment in Crowe Advisory LLC, a newly structured entity separated from Crowe LLP, the public accounting and consulting firm, according to a press release issued Aug. 7, 2026.

Under the transaction structure, Crowe Advisory LLC will provide tax, advisory, and other non-attest services, while Crowe LLP will remain a licensed CPA firm continuing to provide attest services, including audits and reviews. Both entities will operate as members of the Crowe Global network.

"Crowe's existing business strategy is driving momentum across our service lines, and we have bold ambitions to significantly grow the platform for the benefit of clients and team members alike," said Steven Strammello, CEO of Crowe.

Chris Harrington, Partner at KKR, said the investment "reflects confidence in the Crowe team and the many compelling opportunities ahead."

The financial terms of the investment were not disclosed.

Harris Williams served as financial adviser to Crowe, with Hunton Andrews Kurth LLP acting as legal adviser and Mayer Brown LLP advising Crowe's Board of Directors. William Blair & Company LLC served as financial adviser to KKR, and Kirkland & Ellis LLP served as KKR's legal adviser.

Crowe Global consists of more than 300 independent accounting and advisory firms in more than 150 countries, as of July 2026.