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

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note