Sunday, 24 May 2015
Last updated 1 day ago
Sep 16 2011 | 4:59am ET
Kohlberg Kravis Roberts has garnered more than $1 billion for its first mezzanine fund.
The new vehicle, KKR Mezzanine Partners I, is part of the New York-based firm’s plans to expand beyond its central private equity business. KKR is also planning its first hedge fund, to be managed by a former Goldman Sachs proprietary trading team.
KKR’s mezzanine fund will finance private-equity and corporate deals, primarily third-party transactions, the firm said.
“These are the times when you want to be active in mezzanine,” William Sonneborn, head of KKR Asset Management, told Bloomberg News. “Mezzanine tends to do well when the credit markets and economic activity are O.K., but not great.”
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…