Tuesday, 31 March 2015
Last updated 3 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…