KKR Launches New $300M Capital Market Group For Small Biz

Law360, New York (July 27, 2012, 4:31 PM EDT) -- KKR & Co. on Friday announced a new $300 million venture alongside Stone Point Capital LLC to help smaller businesses tap the capital markets, its latest effort to produce steadier income streams as opportunities for large leveraged buyouts dwindle.

KKR will contribute $150 million of its own money to the new venture, which will be called KKR-SPC Merchant Advisors LLC. Stone Point, a private equity firm focused on the financial services sector, will kick in another $150 million from its $3.5 billion Trident V fund. KKR...
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