KKR pulls two funds in retail investor pitch setback - Reuters
KKR has said it would liquidate two funds targeting individual investors, in a blow to the private equity firm's efforts to widen its appeal beyond institutional investors such as pension funds and insurance firms, writes Reuters. Developing offerings for retail investors has historically been challenging for KKR and other private equity firms, such as Blackstone Group LP and Carlyle Group LP, because the average buyout fund is illiquid, with a typical life span of 10 years, writes Reuters.
11 February 2014•2 mins read
