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KKR, Nasdaq plan to launch market to trade shares in buyout funds

25 Apr 2014

stock brokerage market share listedPrivate equity major KKR is reportedly planning to enable its investors to sell stakes in its buyout funds via a private market managed by Nasdaq.

LPs including pension funds and individual investors will be able to sell stakes valued at as little as tens of thousands of dollars, said the Wall Street Journal, citing people familiar with the matter.

This would enable investors to cash out earlier than usual and expand the firm’s investor base.

Other private equity firms are in talks to sign up to the Nasdaq market and may commit prior to its official launch, said the sources.

KKR is reportedly looking to raise up to €3.5bn for its latest European investment fund.

The new fund follows KKR’s $6.1bn European vehicle closed in 2008.

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