Private equity giant KKR & Co. will launch a mutual fund
aimed at individual investors, according to registration papers filed with the
U.S. Securities and Exchange Commission.
The KKR Alternative Corporate Opportunities Fund will be a closed-end
fund that will focus on "special events" around the globe, such as
Europe's debt crisis, and distressed companies.
There will be no minimum aggregate amount of shares that
will need to be purchased in the offering, the filing stated.
Private equity companies that target the highly affluent and
pension funds often require a minimum investment that can run into millions of
dollars. The fund filed to offer its
units for a maximum offering price of $25 each. The filing said distributions
from the fund would be paid at least quarterly....
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