KKR Asset Management Closes Mezzanine Fund at over $1.0BN

KKR Asset Management has closed its mezzanine fund, KKR Mezzanine Partners I, at over $1.0 billion.

Backers include a diverse group of global partners such as 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.

Launched by KKR (NYSE: KKR) in 2004, KKR Asset Management invests 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. As of June 30, 2011, KAM has $14.9 billion in assets under management.



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