| 13.02.2017 Opalesque Roundup: Two of the last hedge funds of funds standing join forces to launch $30bn liquid alts firm: hedge fund news, week 06 |
| In the week ending 10 February, 2017, KKR and PAAMCO have partnered to launch a new liquid alternatives investment firm by combining PAAMCO and KKR Prisma. Under the terms of the agreement, the entire businesses of both PAAMCO and KKR Prisma will be contributed to a newly formed company that will operate independently from KKR, and KKR will retain a 39.9% stake as a long-term strategic partner. |
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