Thursday, 18 December 2014
Last updated 4 hours ago
May 11 2010 | 1:31pm ET
Private equity giant KKR & Co. plans to sell up to $500 million in new shares when it moves its listing to the New York Stock Exchange last this year.
The New York-based firm said it will use the money raised on acquisitions and to cover unfunded capital commitments to its funds, which stand at about $1.27 billion, it said in a regulatory filing yesterday. None of the firm’s principals will take part in the share sale, KKR said in the registration statement.
The $52.2 billion firm went public last year by merging with its Amsterdam-listed p.e. fund. KKR announced in March that it would move forward with plans to re-list itself in New York this year.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.