Kohlberg Kravis Roberts & Co. (KKR), a global investment firm, is planning to raise $5 billion to $6 billion for its next private-equity fund by end of 2011, Bloomberg reports. KKR, which has already secured $4 billion, is targeting final collections of nearly $10 billion for the fund.
The fund, which will concentrate on transactions in North America, will have to overcome a 7 percent preferred return hurdle before KKR can deduct its share of investment profits. In order to attract investors, the New York-based firm is offering new terms on this fund which it has not offered on previous funds
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