It seems as if news of most big deals is invariably leaked ahead of the official announcement. A study casts new light on the art of the leak, the New York Times reports.
NEW YORK, April 25- Private equity firm KKR& Co LP posted a 10.9 percent quarterly decline in earnings on Thursday due to a slower appreciation of its funds and said it will share 40 percent of profits from its own investments with shareholders.
*Q1 aftertax ENI 88 cents/ adjusted unit vs view 82 cents. NEW YORK, April 25- Private equity firm KKR& Co LP said on Thursday it will share 40 percent of profits from its own investments with shareholders, sending its shares to an all-time high, and reported quarterly earnings that beat expectations.
BERLIN, Feb 28- KKR& Co. LP has agreed to charge the Washington State Investment Board a super-low 1 percent annual management fee on the pension fund's $250 million follow-on commitment to the firm's flagship fund, KKR North American Fund XI LP, according to a source familiar with the terms.
NEW YORK, Feb 7- KKR& Co LP said the fourth quarter of 2012 was its strongest yet as a publicly listed alternative asset manager, as exits from private equity investments delivered a record amount of cash for itself and its investors.
"Our private equity portfolio and our balance sheet both appreciated 24 percent in 2012, outperforming the S&P 500 and MSCI World indices by over 700 basis points," Henry Kravis and George Roberts, KKR's co-founders and co-chief executives, said in a statement on Thursday.
NEW YORK, Jan 25- Billionaire businessman Henry Kravis and his wife have sued art collector Donald L. Bryant Jr. over three paintings by the renowned artist Jasper Johns that the Kravises say they bought jointly with Bryant with the intention of sharing them, then eventually donating them to New York's Museum of Modern Art.
HONG KONG/ NEW YORK, Dec 17- KKR& Co L.P. has finished raising $6 billion for its second pan- Asia fund, according to sources, the largest private equity pool ever assembled for the region, with strong demand from pension funds and endowments seeking emerging market returns.