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KKR's Latest Bet On First Data Leaves PE Firm Exposed

By Kaitlyn Kiernan (June 23, 2014, 4:08 PM EDT) -- KKR & Co. raised $3.5 billion for its debt-burdened portfolio company First Data Corp. last week, committing $700 million of its own balance sheet. And that hefty injection leaves the private equity firm heavily exposed to its seven-year-old investment, with it making up 15.9 percent of its assets, according to Fitch Ratings....

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