KKR Tees Up Credit Fund

Private equity giant Kohlberg Kravis Roberts & Co. will launch its first hedge fund at the end of the second quarter and will focus on buying loans and bonds in the secondary market while also providing direct lending.

  • 24 Feb 2006
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Private equity giant Kohlberg Kravis Roberts & Co. will launch its first hedge fund at the end of the second quarter and will focus on buying loans and bonds in the secondary market while also providing direct lending. A potential investor told Alternative Investment News, a CIN sister publication, that the KKR Strategic Capital Fund is expected to launch with $1 billion. A KKR spokeswoman declined to comment.

Nino Fanlo and David Netjes will manage the fund along with new staff the firm is hiring. The KKR fund will require a $5 million investment minimum and will have two separate investor classes. For Class A investors, the management fee will be 2% with a performance fee of 20% and a two-year lockup. For Class B investors, the management fee will be 1.5% and the performance fee is 15% with a five-year lockup. The prime broker is not yet known.

Many hedge funds have private equity investments as part of their portfolios, including Eric Mindich's Eton Park Asset Management and Alec Litowitz's Magnetar Capital. KKR, which has financed more than $162 billion worth of deals, is the biggest private equity name to move in the opposite direction. The Carlyle Group and Blackstone Group launched hedge funds at the end of 2004 with $3 billion and in 2005 with $500 million, respectively.

  • 24 Feb 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Citi 253,106.92 930 8.89%
2 JPMorgan 230,914.50 1036 8.11%
3 Bank of America Merrill Lynch 221,389.46 762 7.78%
4 Goldman Sachs 171,499.26 554 6.03%
5 Barclays 169,046.60 646 5.94%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 27,039.93 106 7.36%
2 Deutsche Bank 25,125.19 81 6.84%
3 Bank of America Merrill Lynch 23,128.33 61 6.29%
4 BNP Paribas 19,315.94 110 5.26%
5 Credit Agricole CIB 18,706.93 106 5.09%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 12,578.87 55 8.17%
2 Citi 11,338.07 71 7.36%
3 UBS 10,682.06 44 6.93%
4 Goldman Sachs 10,419.53 53 6.76%
5 Morgan Stanley 10,194.88 57 6.62%