Thu, Jul 24, 2014
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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  3. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  4. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  5. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag