KKR related stories
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BTG Pactual prepping African fund launchThe Brazilian investment bank is busting out of Latin America with plans to raise $1bn for an Africa-focused fund.
- PEI 300 Highlights
Highlights from the 2012 list of the 300 largest private equity firms in the world.
- More data please
Both the Institutional Limited Partners Association and several large firms have backed a new database that will provide LPs with additional information on funds.
- Friday Price: The right price
These are halcyon days for the US high yield market. Take yesterday’s announcement that technology group SunGard had successfully raised a $3 billion (€2.5 billion) junk bond in support of the $11.3 billion buyout of the company that took place in March this year by a seven-strong consortium of private equity firms, led by Silver Lake Partners.
- Friday Letter: Apollo, god of BDCs
The summer of 2004 saw a plethora of US private equity firms rushing to create “business development companies” – publicly traded vehicles that place debt and equity with private companies.
- Friday Letter: Four paths to Asia
Everyone in Western private equity now appears to agree that an “Asian strategy” is indispensable to future growth. What is not yet clear, even after two decades of Western private equity presence in Asia, is which path to Asia is best. Let’s review the contenders.
- Friday Letter: Club concerns
Investors in private equity worry about many things. For instance: will the mounting wave of money kill returns in the asset class? Or: have I picked the right funds? Or: what are management fees doing to manager motivation? And: are club deals good or bad?
- Friday Letter: Bullish on Canada
North America is frequently described by general partners as a buyout market without borders. KKR, Bain, Teachers’ and other private equity investors have moved effortlessly between Canada and the US, with success stories such as Shoppers Drug Mart and BCE Yellow Pages confirming the “borderless” claim.
- Friday Letter: When I'm 61
Much of the discussion surrounding succession planning at private equity firms has assumed that company founders are typically loathe to step aside.
- Friday Letter: Who cares about private equity?
Private equity was the ’hot topic’ at Davos, and it continues to preoccupy Wall Street and European bankers. However, people outside this rather small circle are having a hard time understanding what the growth of private equity should mean to them. This ambivalence could present a challenge to the continued success of the industry.