KKR Gets Into Growth Equity (in China)
Well, it’s official: KKR is listed on the New York Stock Exchange, and was up nearly 1% in early trading. Guess this means we’re in for a slew of Blackstone vs. KKR stories at the end of each quarter (and I’ll probably write half of them)… Those who buy KKR shares expect to be taking indrect part of big-dollar leveraged buyouts, but now it seems they also might be getting a piece of smaller deals. The firm recently sent out books for the KKR China Growth Fund, which will write equity checks of between $35 million and $75 million for companies in Mainland China, Hong Kong and Taiwan. This is different than the $4 billion KKR Asian Fund, raised in 2007 and primarily focused on big buyouts throughout Asia (China, Japan, India, Australia, Korea, etc.).
