NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--
KKR Asset Management today announced the final close of its mezzanine
fund, KKR Mezzanine Partners I, on August 31, 2011.
In total, the fund closed on over $1.0 billion from a diverse group of
global investors, including insurers, pension plans, family offices and
sovereign pools of capital. Recent transactions include providing the
mezzanine financing that facilitated Advent International Corp.'s and
Bain Capital Partners' acquisition of payment processor RBS WorldPay,
Bain Capital Partners' acquisition of chemical distributor IMCD Group
and supporting the sale of Kroll Inc to Altegrity Inc, an international
screening and security solutions company owned by Providence Equity
"We have a healthy pipeline of opportunities and look forward to putting
this additional capital to work by continuing to partner with private
equity sponsors and management teams to support their objectives," said
Frederick M. Goltz, head of KKR's mezzanine business.
About KKR Asset Management
Launched by KKR in 2004, KAM invests on behalf of its managed funds,
clients and accounts across long/short equities and the corporate credit
spectrum, including secured credit, bank loans and high yield securities
and alternative assets such as mezzanine financing, distressed investing
and structured finance. With more than 100 employees, including 50
investment professionals, KAM's investment teams are closely aligned
with KKR's wealth of private equity investment and industry resources.
As of June 30, 2011, KAM has $14.9 billion in assets under management.
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a
leading global investment firm with $61.9 billion in assets under
management as of June 30, 2011. With offices around the world, KKR
manages assets through a variety of investment funds and accounts
covering multiple asset classes. KKR seeks to create value by bringing
operational expertise to its portfolio companies and through active
oversight and monitoring of its investments. KKR complements its
investment expertise and strengthens interactions with investors through
its client relationships and capital markets platform. KKR is publicly
traded on the New York Stock Exchange (NYSE: KKR). For additional
information, please visit KKR's website at www.kkr.com.
Kristi Huller, 212-750-8300
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