Thu, Jan 19, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

KKR launches retail funds, teams up with Stone Point Capital on merchant banking platform

Thursday, August 02, 2012

Bailey McCann, Opalesque New York: KKR Asset Management LLC has made new filings with the Securities and Exchange Commission (SEC) to register two newly-formed funds under the Investment Company Act of 1940. The funds include the KKR Alternative High Yield Fund, a mutual fund and KKR Alternative Corporate Opportunities Fund P, a closed-end fund that will invest in fixed-income and equity securities with a credit-oriented focus. The funds will not pay any performance based fees and some shares have been registered under the Securities Act of 1933 for public offering.

According to a memo from US-based law firm, Shulte, Roth and Zabel, the filings illustrate a continued trend on behalf of managers to look at using '40 Act funds as means of increasing assets under management during this persistently slow capital raising period. New regulations may also be a reason for growth in this area - "because any adviser to a registered fund must be SEC registered, new rules requiring the registration of many private fund managers have had the effect of eliminating a barrier that made unregistered private fund managers reluctant to manage 1940 Act registered funds," attorneys write.

As a firm, KKR has been busy with a variety of new actions in addition to the new funds. The Wall Street Journal ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised