KKR overtakes Partners Group as Europe’s largest evergreen manager
KR has overtaken Partners Group to become Europe’s largest manager of open-ended private market funds by assets, as the US private equity firm expands its wealth-management business while its Swiss rival contends with elevated investor withdrawals, according to a report by Bloomberg.
KKR has overtaken Partners Group to become Europe’s largest manager of open-ended private market funds by assets, according to a report by Bloomberg. KKR now manages €13.6bn across its European-domiciled evergreen platforms at the end of the first quarter, surpassing Partners Group’s €13.4bn. The growth of these funds reflects a broader trend of private equity firms seeking to expand their investor bases beyond traditional institutions, targeting high-net-worth and retail investors through semi-liquid structures.
However, this expansion has also brought liquidity challenges, with both KKR and Partners Group facing increased redemption requests this year.
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