KKR Abandons Mutual Funds

Feb 11 2014 | 1:17pm ET

Kohlberg Kravis Roberts is pulling the plug on its mutual fund effort after less than two years.

The private-equity giant launched its Alternative High Yield and Corporate Opportunities funds in 2012. But the funds collected only $33 million from investors, victims of competition and an onerous application process, according to published reports.

The funds have stopped accepting new money and will liquidate by around March 31.

Alternative High Yield failed to find a foothold in a competitive space, according to The New York Times, while Corporate Opportunities was felled by its difficult application process and the unpopularity of its quarterly liquidity provision.

KKR had seeded the funds with $125 million of its own capital.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

The Life Settlement: Yield For The Investor And Cash For The Consumer

Mar 31 2015 | 6:48am ET

Investors are languishing in a yield-starved, low-interest rate environment, looking...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note