KKR Private Equity Investors, the Amsterdam-listed affiliate of U.S. private equity giant Kohlberg Kravis Roberts, said it made an investment return of 12.3% on an annualised basis in the six months to June and an 11.6% annualised return in the second quarter.
At June 30, the partnership's net asset value was $5.342 billion or $26.12 per unit, it said.
"We are pleased to report that we continue to meet the goals we stated to investors at the time of KPE's initial offering in May 2006. KPE has now fully deployed its capital and made further commitments to new investments as well," Henry Kravis, co-founder and co-chairman, said in a statement.
As of Aug 10, the partnership's investments and anticipated fundings for announced transactions totaled $6.190 billion, it said.
Including pending transactions, the partnership had remaining undrawn capital commitments to KKR's investment funds of approximately $962.9 million as of Aug 10.
"Whether these investments will be consummated depends on the satisfaction or waiver of a number of conditions, some or all of which may not be in the control of KPE, the investment partnership or KKR," the partnership said.
On June 11, the partnership agreed a 5-year, $1 billion senior secured credit facility with certain lenders for the purpose of providing an additional source of liquidity, KPE said.
It has an option to seek up to an additional $1 billion under the terms of the agreement.
KKR Financial Holdings, a real estate affiliate of the KKR group, yesterday sought to delay repayment of 5 bln usd in short-term debt, according to reports.