KKR loses $1.1 billion in first six months

Kohlberg Kravis Roberts posted a total investment loss of $1.1 billion for the six months ended June 30, down from a net gain of $3.4 billion in the first half of 2007, according to a prospectus filed with the SEC.
SEP 23, 2008
Kohlberg Kravis Roberts posted a total investment loss of $1.1 billion for the six months ended June 30, down from a net gain of $3.4 billion in the first half of 2007, according to a prospectus filed with the SEC. At the same time, fee-related earnings for its private equity business grew to $72.8 million in the first half of the year from $12.5 million in the first six months of 2007. Fixed-income fee earnings dropped to $21.3 million, from $38.4 million in the first half of last year. KKR set a new record for private equity fees in calendar year 2007, earning $371 million, up from $140 million in 2006.

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