Saturday, 30 May 2015
Last updated 19 hours ago
Nov 9 2006 | 1:14pm ET
The California Public Employees’ Retirement System has made a $500 million commitment to Kohlberg Kravis Roberts’ latest private equity fund.
CalPERS spokesman Brad Pacheco confirmed that the investment will be reported to the board of the nation’s largest public pension fund. The investment has already been made, he said. It does not require board approval.
KKR 2006 is KKR’s 11th p.e. fund. The $15.5 billion fund will invest in North American and European large-cap companies, focusing on investments requiring between $150 million and $600 million in equity.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…