KKR related stories
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BVCA rallies cleantech expertsThe British Private Equity and Venture Capital Association is the latest to jump on the green investing bandwagon, having formed a group to promote cleantech investment. Last week KKR touted its green accomplishments at the portfolio company level.
- KKR touts environmental savings
The US mega-firm, which has recently pledged to adopt socially responsible investment strategies, says three of its portfolio companies have saved more than $16m through green policies, with other portfolios set to follow.
- 3i to liquidate quoted fund
Following in the footsteps of American Capital and KKR, 3i will de-list its quoted private equity fund. The exercise values the vehicle at £355m, 33% above last week’s closing share price.
- KKR hires infrastructure veteran as a senior advisor
Kohlberg Kravis Roberts’ appointment of Lewis Eisenberg, part of its recent expansion, is intended to help strengthen infrastructure operations and investor relations.
- Who’s responsible?
The largest private equity firms in the world have committed to consider socially responsible investment guidelines. Is this all just PR window dressing? asks Christopher Witkowsky.
- Mega-firms embrace socially responsible investing
Some of the world’s biggest private equity firms – including KKR, Blackstone, Carlyle, Permira, Providence, Apax and Apollo – have committed to consider environmental, social and corporate governance issues when making investments.
- Report: KKR, Carlyle eye $3bn in Verizon assets
The mega-firms are reportedly among potential buyers for $3bn-worth of assets including 2.1 million wireless subscribers in 22 US states. Last month, TPG and Goldman Sachs completed their sale Alltel to Verizon, booking $1.3bn in profit.
- Toll-road ace tapped for Blackstone infrastructure arm
The New York firm has asked Trent Vichie of Macquarie Securities to lead Blackstone’s newly unveiled developed-infrastructure business. Vichie, an Australian national, was instrumental in the Chicago Skyway transaction, a landmark US toll road privatization.
- Blackstone targets $5bn for infrastructure fund
Blackstone aims to be among the infrastructure mega-funds, having put a pre-marketing target range of $3bn to $5bn on its debut infrastructure fund. Rival KKR is raising $4bn for its maiden infrastructure fund, while Macquarie is seeking $6bn for its second global fund.
- KKR fund to charge 1% management fee, 10% carry
The private equity veteran will not apply the standard ‘2-and-20’ fee structure on its infrastructure fund, which is targeting $4bn.