KKR Falls Short of $8 Billion Goal as LBO Investors Balk
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KKR & Co. co-founders Henry Kravis and George Roberts are struggling to wrap up their first main buyout fund in six years as the firm’s prior fund underperforms and investors scale back private-equity commitments.
North America XI Fund has gathered about $700 million since February, bringing the total to $6.2 billion, the New York-based company said today in its quarterly earnings statement. KKR, which began marketing the fund at the start of 2011, is seeking $8 billion, about half the size of its 2006 pool.