KKR To Recruit New Investors In Next Fundraise

Mar 17 2011 | 1:16pm ET

Kohlberg Kravis Roberts used its first-ever "investor day" to announce plans to increase its base of limited partners.

The private equity firm, which is holding its first annual meeting as a public company, said it need to recruit more investors; the firm currently has about 350 limited partners.

"It is incumbent on us—and we will do this in the next fundraise that we are in the process of doing for North America—to find other sources of capital that are not invested in us," co-founder George Roberts said.

KKR hopes to raise between $8 billion and $10 billion for the North America fund, about half what it raised for its last fund, a global offering, five years ago. The firm said it still has some $11 billion in capital available to make deals.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Ex-Hedge Fund Billionaire Won’t Run For Senate

Jan 23 2015 | 5:48am ET

Ex-hedge fund manager Tom Steyer will not run for Senate after Sen. Barbara Boxer...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note