Private Equity
It was one of the biggest buyout funds ever raised, it backed some of the largest LBOs, and it was part of the vintage 2006 that had to contend both with a financial crisis and the Great Recession. Nevertheless Kohlberg Kravis Roberts & Co. appears to be on a reasonably successful track with KKR 2006 Fund LP as it continues the harvest phase.
7 min read · 20 May 2013
2 min read · 20 May 2013
North American buyout shops raised $2.2 billion in investor commitments in mid-May, bringing the total for the year to $33.8 billion for buyout and mezzanine funds. At this point last year, firms had raised $63.8 billion for new funds.
1 min read · 20 May 2013
Billionaire hedge fund manager Louis Bacon is placing a big bet on mid-market lending by backing a new firm that is seeking to raise a $750 million debt fund aiming at the lower end of the middle market, two sources told Buyouts.
2 min read · 15 May 2013
A company that conducts a dividend recap and then defaults on its debt fares no worse for its creditors than a company that defaults without a recap, Moody’s Investors Service Inc. reported.
2 min read · 14 May 2013
Industry expertise may be less important to portfolio company management than the right kind of cultural fit, personnel consultants told sister magazine Buyouts.
2 min read · 06 May 2013
2 min read · 06 May 2013
U.S. buyout shops added $3.9 billion to the year’s fundraising tally during the latter part of April, bringing the year’s total of buyout and mezzanine funds to $31.5 billion.
1 min read · 06 May 2013
Three out of five participants in peHUB's reader poll expect M&A activity to pick up from the slow conditions during the first quarter.
1 min read · 30 April 2013
The dozen most active sponsors, measured by number of bond deals done by their portfolio companies, are more effective at enticing lenders to accept less restrictive covenants on portfolio company bonds, Moody’s Investors Service Inc. said.
2 min read · 30 April 2013
