Financial Times FT.com

Loss of $1.2bn for KKR after falls in value

By Martin Arnold in London

Published: June 1 2009 11:53 | Last updated: June 1 2009 13:23

Kohlberg Kravis Roberts reported a $1.2bn (£730m) loss for 2008, as some of the private equity group’s biggest investments fell in value, including First Data, the credit card processing group, and Alliance Boots, the pharmacy chain.

In a surprise investor update on Sunday night, KKR announced sharp drops in the value of portfolios in the four funds it has raised since 2002.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this