World’s Top Private Equity KKR Changes from Partnership Structure to Corporation

World’s Top Private Equity KKR Changes from Partnership Structure to Corporation

The world’s top private equity firm, KKR has announced changes from a partnership structure to corporation, with effect from 1st July 2018.  The change will attract more index, ETF and mutual funds investors into KKR, and potentially be included in indexes and widening its investor base.

“World’s Top Private Equity KKR Changes from Partnership Structure to Corporation”

In the existing partnership structure, KKR pays corporate taxes only on revenue of management fees charged to investors, and not including performance fees.  In the new corporate structure, the firm will pay taxes on all revenue (Corporate tax in United States was lowered from 35% to 21%).

Earlier in 2018, Ares Management, one of the world’s largest alternative asset manager with $112 billion AUM, have moved from a partnership structure to a corporate structure.  In the latest Q1 2018 financial report, KKR manages $176 billion AUM.

Source: KKR, Bloomberg, Reuters

 

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KKR Raises $9.3 Billion for Biggest Asian Private Fund

KKR Raises $9.3 Billion for Biggest Asian Private Fund

KKR & Co. has raised $9.3 billion for its third Asia fund, making it the biggest ever pool by a private equity firm in the region. With the latest fund, KKR’s private equity business has $68 billion in assets worldwide. KKR raised $4 billion for its first Pan-Asian fund in 2007 and $6 billion in 2013.

“With the latest fund, KKR’s private equity business has $68 billion in assets worldwide”

The fund’s investors include public pensions, sovereign wealth funds and family offices. KKR has been particularly busy with large deals in Japan in recent months, announcing a $2.3 billion acquisition for Hitachi Ltd’s chip-making equipment and video solution unit in April and $1.3 billion deal for power tools firm Hitachi Koki Co Ltd in January.

Related Reports: Bloomberg, Reuters, KKR

About KKR

KKR is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit strategies and hedge funds. As investors with an industrialist vision, we aim to generate attractive investment returns by following a patient and disciplined approach, employing high-quality people, pursuing the highest standards of excellence, and aligning our interests with those of all our investment partners.

Visit: KKR

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

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