Oct
27
Kohlberg Kravis Posts Big Loss as Private Equity Struggles
ByKohlberg Kravis Roberts & Company reported a steep third-quarter loss on Tuesday as a late summer swoon in the market dealt a blow to the value of its investment holdings.
The private equity giant, led by Henry R. Kravis and George R. Roberts, also said it would buy back $500 million of its shares, which it calls units, and make fixed distributions to shareholders of 16 cents a quarter rather than the variable distributions it had been making.
The fixed payments represent an effort to free up cash to make investments in the business or buy back stock…
Kohlberg Kravis Posts Big Loss as Private Equity Struggles
