Hedge Fund Videos | 30+ Free Videos on Hedge Funds

KKR's First Asia Hedge Fund

Kohlberg Kravis Roberts Seals Its First Asia Hedge Fund

Following to sources, an American multinational private equity firm Kohlberg Kravis Roberts closed its first Asia hedge-fund partnership backing a startup by the former regional chief of York Capital Management LP.
Feng Hsiung’s Hong Kong-based Acion Partners Ltd. will start a pan-Asia event-driven hedge fund in the first quarter of 2015, investing in equities and credit, said the people, who asked not to be identified as the information is private.
The private-equity firm led by billionaires Henry Kravis and George Roberts, based in New York, will take an unspecified minority stake in Acion as part of the broader partnership, they added. Anita Davis, a Hong Kong-based spokeswoman for KKR, declined to comment on the deal.
Private-equity firms like KKR, Blackstone Group LP and Carlyle Group LP have been diversifying businesses beyond leveraged buyouts, in part by buying stakes in hedge-fund firms. KKR has been scouting for such opportunities in Asia, which has fast-growing economies and diverse markets where reforms are creating new opportunities, said the people.
Source: Bloomberg

Related to: Hedge Fund Update

Tags: Hedge Fund of Funds Business, Hedge Fund, Hedge Funds, Fund of Hedge Funds, Hedge Fund of Funds, Hedge Fund Industry, Hedge Fund Group, Hedge Fund Market, Hedge Fund Investments, Hedge Fund Advisory Firm, Hedge Fund Returns, Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, American Private Equity, US, Kohlberg Kravis Roberts, KKR & Co., Asia Hedge Fund, Startup, York Capital Management LP, Feng Hsiung, Hong Kong, Acion Partners Ltd., Henry Kravis, George Roberts, New York, Anita Davis, Blackstone Group LP, Carlyle Group LP.

Link to This Resource: KKR's First Asia Hedge Fund

http://richard-wilson.blogspot.com/2014/09/kkrs-first-asia-hedge-fund.html
Redesign by HedgeCo Website Creation