Going Private

KKR’s Privileged Legal Memos Uncovered in DOJ Antitrust Probe

Rare ruling puts legal communications under scrutiny

KKR & Co. Inc. signage on the floor of the New York Stock ExchangePhotographer: Michael Nagle/Bloomberg

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By Sinead Cruise

May 1, 2026 at 11:10 AM UTC

This article is for subscribers only.

Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at the latest calls for a shake-up in valuations, a South Korean regulatory push in private credit and the latest instalment of the Bloomberg Intelligence Private Markets Investor survey. But first we bring you news of an unusual legal decision impacting the antitrust probe underway at KKR . If you’re not already on our list, sign up here . Have feedback? Email us at goingprivate@bloomberg.net

KKR & Co has handed over private communications with its lawyers to US authorities investigating whether the private capital giant intentionally withheld information on deals from antitrust enforcers.