KKR related stories
All articles and analysis
Alternative assets boost CalSTRS returns(2)Alternative assets returned 27.6 percent to CalSTRS last fiscal year. Though less than last year’s 32 percent return, CalSTRS’ alternative assets outperformed the portfolio as a whole by around 7 percentage points.
- Cov-lite and Cov-loose every time(3)
As ratings agency Standard & Poor’s criticises covenant loose loans for being covenant-lite by the backdoor, a senior banker tells Toby Lewis cov-lite loans will become extinct.
- BVCA names communications veteran as chief executive
The search for a new chief executive has ended with the appointment of Simon Walker, a communications specialist and one time secretary to HM The Queen. He is also an adviser to the government on red-tape reduction.
- Fox Paine co-founder sues his colleagues
Saul Fox has filed a lawsuit against his firm’s co-founder, Dexter Paine, claiming that Paine is trying to force him out of the firm.
- Banks, Cerberus to absorb $12bn Chrysler loans(3)
A JPMorgan-led group of banks has reportedly been left holding the bag for $10 billion in loans relating to the Chrysler deal, while buyer Cerberus and seller Daimler will shoulder another $2 billion. Earlier today, underwriters of KKR’s Alliance Boots deal also postponed debt syndication.
- AVCAL says “economic xenophobia” in decline(6)
Katherine Woodthorpe, chief executive of the Australian Private Equity and Venture Capital Association, has said Australian “economic xenophobia” has lessened after the Australian Senate’s inquiry into private equity.
- Banks, Cerberus to absorb $12bn Chrysler loans(2)
A JPMorgan-led group of banks has reportedly been left holding the bag for $10 billion in loans relating to the Chrysler deal, while buyer Cerberus and seller Daimler will shoulder another $2 billion. Earlier today, underwriters of KKR’s Alliance Boots deal also postponed debt syndication.
- Banks, Cerberus to absorb $12bn Chrysler loans
A JPMorgan-led group of banks has reportedly been left holding the bag for $10 billion in loans relating to the Chrysler deal, while buyer Cerberus and seller Daimler will shoulder another $2 billion. Earlier today, underwriters of KKR’s Alliance Boots deal also postponed debt syndication.
- Wellcome Trust backs $52m venture funding
UK charity Wellcome Trust has made a rare direct investment in a $52 million seventh-round financing for Xtera Communications, a US optical networking and services company.
- JP Morgan chief lays into equity bridges(2)
Jamie Dimon of JP Morgan has hit out at the proliferation of equity bridge facilities used on large buyout deals, suggesting that they are not good for the lending banks or the private equity sponsors.