Deals
KKR Said to Raise $1.3 Billion for Lending Fund as Banks Retreat
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KKR & Co. gathered more than $1.3 billion for a direct lending fund, two people with knowledge of the matter said, as banks pull back because of new regulations.
The firm, led by Henry Kravis and George Roberts, collected the money in about a year, said the people, who requested anonymity to discuss private details. With leverage, the fund will have lending capacity of about $3 billion. It follows a $414 million lending pool raised in 2011.