Private Equity Giant KKR Announces Special Situations Fund III

https://dailyalts.com/wp-content/uploads/2019/10/Henry_Kravis.png

The new fund will focus on discounted distressed credit.

Private equity giant KKR & Co wants to raise $1.5 billion for its third special situations fund. 

Reuters reported the June registration of KKR Special Situations Fund III. The private equity firm said during its Q2 conference call that it planned to raise capital for a new special situations fund. The new fund plans to purchase discounted distressed debt, according to a report on Friday. 

Private Equity Giant KKR has Two Similar Funds

As noted, this is KKR’s third special situations fund. It closed its first fund at $2 billion in 2014. In 2016, it raised $3.35 billion for a second fund. Two notable investments by the firm’s special situations funds include guitar maker Gibson and Madrid-based pizza delivery company Telepizza.

With that said, Forbes produced a profile on KKR in May that referenced annual net returns of 3% or lower in special situations funds. 

About KKR Special Situations 

Meanwhile, KKR’s special situations strategy focuses on the capital structure in both privately negotiated transactions and in the secondary markets. Therefore, the company attempts to find strong risk adjusted returns from market dislocations. It also targets complex situations and distressed assets. 

[Related: Marquee Private Equity Investor Henry Kravis invests in alternative fun]

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/07/equipment-3089883_640-evidation-article.jpg
Venture Capital: Health Data Analytics Platform Evidation Raises $45M
July 2, 2020     News, Venture Capital

Evidation Health’s Achievement platform collects everyday health data for use in innovative research and health platforms. Giving due emphasis to user privacy and controlled, permissioned health data, the platform gathers…

https://dailyalts.com/wp-content/uploads/2020/07/screenshot-www.weforum.org-2020.07.02-18_06_35.png
Artificial Intelligence: A UVC Robot Disinfects 4,000 Sq Ft Food Bank in 30 Minutes
July 2, 2020     Artificial Intelligence, News

MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL), Ava Robotics, and the Greater Boston Food Bank (GBFB) collaborated on a robotic solution to the problem of disinfecting a large area…

https://dailyalts.com/wp-content/uploads/2020/07/mockup-5288033_640.jpg
Alternative Investments: TrueMark Investments Launches A Structured Outcome ETF That Tracks the S&P 500 Index
July 2, 2020     Alternative Investments, News

TrueMark Investments has launched the TrueShares Structured Outcome (July) ETF (NYSEAMERICAN: JULZ) that offers investors exposure to the S&P 500 price index. The ETF is a “structured outcome” product, the…

https://dailyalts.com/wp-content/uploads/2020/07/india-1748445_1920.jpg
Digital Assets: Crypto Gathers Pace in India After Top Court Decision
July 2, 2020     Digital Assets, News

The Supreme Court of India recently struck down a circular issued by the Reserve Bank of India that barred banks from serving crypto businesses such as traders, exchanges, or others….