KKR Gets $3.35 Billion for Distressed Fund as Defaults LoomBy
Focus will be on U.S., where credit cycle is in 'late stages'
Distressed oil producer debt not yet cheap, fund co-head says
KKR & Co. raised $3.35 billion for its second special-situations fund, exceeding its $3 billion target, as the private equity firm sees a corporate default cycle on the horizon.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.