KKR Acquires Fund of Funds Prisma Capital Partners
June 21, 2012
Kohlberg Kravis Roberts has entered into an agreement to acquire hedge fund solution provider Prisma Capital Partners. Founded by a trio of former Goldman Sachs partners, Prisma invests in specialist hedge fund managers and had $7.8 billion in assets under management as of April 1, 2012, more than 90% of which comes from institutional investors. Following the transaction, expected to close in 4Q 2012, the Prisma team will operates as part of KKR’s Public Markets segment.