- “It’s going to be a great opportunity," said Henry Kravis about one month ago, speaking about the plunge in oil prices. “There’s a lot of debt out there today that is trading at pretty big discounts from par just because of the question, will some of these companies be able to survive.”
- KKR is eyeing a raise of $2.5B-$3B for a second special situations fund after putting money to work from the previous pool faster than expected, reports Bloomberg.
- Among target investments would be financing to companies hurt by the oil price collapse, and another area is Asia, where KKR sees the opportunity to step in as China - its banks dealing with their own NPLs - pulls back.