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private equity fund posts

KKR self-buyout a step closer

Posted Jul 20th 2009 8:20AM by Tom Johansmeyer (RSS feed)
Filed under: Deals, Private Equity, KKR Financial (KFN), Blackstone Group L.P (BX), Initial Public Offerings

KKR & Co. is a step closer to being publicly traded, now that the board of its Amsterdam-traded buyout fun has given the green light. If a majority of the unitholders in KKR Private Equity Investors LP (OTC: KPE), the listed fund, consent, the transaction could be finished by October 1, 2009.

This would result in KKR's finally reaching an exchange. The private equity fund tried to go public via initial public offering (IPO) in 2007, after the Blackstone Group (NYSE: BX) raised $4.75 billion that way, but market conditions scuttled the attempt.

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A day ahead of earnings, Goldman Sachs raises $5.5 billion for private equity fund

Posted Apr 13th 2009 11:00AM by Mark Fightmaster (RSS feed)
Filed under: Earnings Reports, Goldman Sachs Group (GS)

Earlier this morning, Goldman Sachs (NYSE: GS) announced that it raised its fifth dedicated private equity secondaries fund -- GS Vintage Fund V -- with roughly $5.5 billion in capital commitments. This news was hinted at on Friday in The Wall Street Journal and was confirmed by the investment bank. The fund will focus on acquiring portfolios of private equity assets and includes private investors throughout America, Europe, Asia, and Australia.

This isn't the only news GS will make this week, as the firm is slated to step into the earnings spotlight. The current quarterly earnings estimate stands at $1.59 per share. Let's take a quick technical look at the investment bank and see what could happen if earnings miss or beat expectations.

Continue reading A day ahead of earnings, Goldman Sachs raises $5.5 billion for private equity fund