KKR Addresses Its Mis-Step In Acquiring Prisma Through PAAMCO Deal

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By Hedge Fund Insight staff It was announced today that PAAMCO and KKR Prisma are to form a Strategic Partnership to create a new liquid alternatives investment firm. As PAAMCO has been fiercely independent and Prisma was acquired by Private Equity giant KKR in 2012 to give growth to its’ liquid alternatives business this has […] Read more »

Hedge Funds and other Non-Bank Lenders Woo Small and Mid-Sized Companies

By Hedge Fund Insight staff   Hedge fund firms and other alternative asset managers are playing an increasingly important role in financing the economy, according to a paper published by the Alternative Investment Management Association (AIMA) this year. The paper says that private debt funds such as hedge funds now manage around $440 billion in […] Read more »

Marshall Wace Partners Cut Deal with KKR for Liquidity and Distribution

By Hedge Fund Insight staff   KKR, the quoted alternatives firm, and Marshall Wace LLP, one of London’s largest and longest-established hedge fund firms, today announced a long-term strategic partnership. Under the terms of the agreement, KKR will acquire at closing a 24.9% interest in Marshall Wace through a combination of cash and common units. […] Read more »

Hedge Funds Replacing Banks – Direct Lending Strategy As Example

From Hedge Fund Insight staff   With the 2Q Earnings Release from KKR & Co LLP came evidence of how alternative financing businesses (including hedge funds) are replacing bank financing. In the Investor Update accompanying the Conference Call KKR presented some data on their newer strategies which will power future earnings. Direct Lending featured strongly: […] Read more »

KKR Excited By The Potential For Growth Of European Credit Through Avoca

By Hedge Fund Insight staff KKR is in the process of acquiring European credit manager Avoca. During the Fourth Quarter 2013 Earnings Conference Call Scott Nuttall, the Global Head of Capital & Asset Management at KKR & Co LP, talked enthusiastically about the business prospects of Avoca within the KKR framework. Nuttall said that Avoca […] Read more »