Daily News: January 10, 2014

Bloomberg: KKR Raises $2B to Invest in Distressed Debt

Bloomberg reported KKR & Co. (KKR), the New York-based private-equity firm run by Henry Kravis and George Roberts, raised $2 billion for a fund that will provide financing to distressed companies globally.

Bloomberg said further KKR Special Situations Fund LP will invest in North America, Europe and Asia, since most of the distressed debt and rescue lending opportunities the firm sees are in Europe, where businesses are still de-leveraging after the 2008 financial crisis, according to Jamie Weinstein, the firm’s San Francisco-based co-head of special situations.

To read the entire Bloomberg article, click here.