KKR Joins Closed-End Fund Rush With Dechert's Help

Law360, New York (August 1, 2013, 6:05 PM EDT) -- KKR & Co. LP launched its first closed-end listed fund on Thursday, raising $305 million as it continues to chase the estimated $20 trillion in the hands of public retail investors.

For $20 per share — or, by day's end, $19.85, as the fund closed down slightly — mom-and-pop investors, as well as larger institutional ones, could buy themselves a share of KKR Income Opportunities Fund.

The fund, which trades on the New York Stock Exchange, will invest 80 percent of its money into debt with...
To view the full article, register now.