As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 9 hours 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.”