Prisma In Talks To Sell Stake To KKR

May 16 2012 | 12:41pm ET

Private equity giant Kohlberg Kravis Roberts may buy its way into the fund of hedge funds business.

KKR is in talks with Prisma Capital Partners about buying a stake in the New York-based firm, The New York Times reports. It is unclear how large a stake KKR is seeking in the ongoing talks, or whether a deal was imminent.

Prisma has some $8 billion in assets under management. The firm was founded by former Goldman Sachs alumni in 2004 to buy the hedge fund division of Dutch insurer Aegon's AEGON USA Investment Management.

A deal would give Prisma access to KKR's investors. For KKR, adding Prisma would be a first step towards challenging rival Blackstone Group in funds of funds; Blackstone has almost $40 billion in fund of funds assets.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…