Deals
Rescue Cash Too Hot for KKR Proves Irresistible to Many PE Peers
- Dozens of buyout firms are said to benefit from SBA’s lending
- Some may soon face scrutiny as government identifies borrowers
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Even inside battle-scarred KKR & Co., entering the political fray was enough to stoke unease.
As several of the private equity titan’s portfolio companies got loans from an emergency U.S. program aimed at helping small businesses survive the coronavirus pandemic, executives at the firm’s New York headquarters issued a blunt message: Return the money to taxpayers.