KKR to close $16.6bn US buy-out fund
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Kohlberg Kravis Roberts is shortly expected to close its US buy-out fund at $16.6bn, lifting to a record $31bn the amount of capital it has available for deals around the world. KKR took part in announced deals worth an aggregate $92bn in 2006, a figure close to its main rivals Texas Pacific and Blackstone, according to updated figures from Thomson Financial. These and other buy-out firms have attracted record amounts of capital which they are expected to spend on successively larger transactions this year. KKR last year raised $5bn by selling shares in a publicly traded investment vehicle on the Euronext exchange and is currently investing a €4.5bn fund devoted to European deals. It is also targeting about $4bn for an Asia fund, which combined with the US fund increases its global firepower to $31bn.
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