KKR & Co, a global investment firm founded in 1976 with
roots in private equity, has announced plans to acquire Prisma
Capital Partners, a provider of customised hedge fund
solutions, currently backed by the Aegon insurance and
The move will allow KKR - which, with $62.3 billion under
management now also has established private, public and capital
market activities - to compete in the hedge fund space with
fellow private equity rival, Blackstone.
The transaction is expected to close in the fourth quarter
of 2012, and financial terms were not disclosed. Prisma was
founded in 2004 by former Goldman Sachs partners Girish Reddy,
Thomas Healey and...