KKR swings into loss in 2008

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KKR swings into loss in 2008
Oluşturulma Tarihi: Haziran 02, 2009 00:00

NEW YORK - KKR & Co., Henry Kravis’s and George Roberts’s private equity firm, swung to a loss in 2008 as leveraged buyouts dried up amid the credit crisis.

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The firm had a $1.2 billion loss for 2008, compared with pretax economic net income of $815 million the previous year, KKR said in a presentation to investors late Sunday. The loss is the firm’s first in at least five years. KKR’s assets under management shrank by 11 percent to $47.3 billion at the end of March.

 

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