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Private equity firm KKR moving closer to becoming publicly traded; consent solicitation launched with with KKR Private Equity Investors, L.P. unitholders

Thu, 30-Jul-2009

Private equity firm Kohlberg Kravis Roberts & Co (KKR) is moving closer to becoming publicly traded after receiving approval from the board of the fund to combine businesses of KKR and KKR Private Equity Investors LP (KPE).  KPE, the Amsterdam fund it proposes acquiring, launched a consent solicitation to seek approval for the deal.  The 419-page consent solicitation is provided to the fund’s unitholders and gives a detailed update of the performance of its funds and valuations of its portfolio companies.  To learn more about private equity firms and its publicly traded entity, see a copy of the consent solicitation below or directly download it here.

Excerpt of the valuation of KKR’s major portfolio investments:     Read More »

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Limited Partnership Agreement for KKR Private Equity Investors, L.P.

Wed, 29-Jul-2009

For a sample of a limited partnership agreement in private equity for a publicly-listed entity, see below (or directly download here) a copy of Limited Partnership Agreement for KKR Private Equity Investors, L.P. dated May 2, 2007.

As a quick definition of a limited partnership, a limited partnership is a form of partnership, where typically in private equity, there is one general partner (GP) and there are one or more limited partners (LPs).  The GPs are, in all major respects, in the same legal position as partners in a conventional firm, i.e. they have management control, share the right to use partnership property, share the profits of the firm in predefined proportions, and have joint and several liability for the debts of the partnership.  The LPs have limited liability, meaning they are only liable on debts incurred by the firm to the extent of their registered investment and have no management authority.

KKR Private Equity Investors, L.P. Limited Partnership Agreement 2-May-2007

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