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

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR