Sunday, 3 May 2015
Last updated 2 days ago
Feb 26 2010 | 12:25pm ET
Everything was up for KKR & Co. in a fourth quarter that saw the private equity giant post more than a half-billion dollars in income as it prepares its long-awaited listing in New York.
Economic net income during the last three months of last year was $515.3 million, excluding some costs and charges. KKR did not provide a fourth-quarter 2008 result.
Meanwhile, the firm said it would begin trading on the New York Stock Exchange within months, without giving a more precise schedule for the listing. The firm went public in Amsterdam last year through a reverse-merger with its publicly-listed private equity fund on Euronext, but has been planning a New York listing for more than two years.
The value of KKR’s p.e. holdings rose by $1.3 billion on the quarter, boosting its assets under management to $38.8 billion. The firm credited a general pickup in deal flow as the economic crisis subsides for the gains.
Overall, the alternative investment giant boasts $52.2 billion in assets under management across a variety of asset classes and employs over 600 people in 13 offices around the world.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…