KKR IPO

KKR announced that it has filed a registration statement with the Securities and Exchange Commission (SEC) for a proposed initial public offering of its common units representing limited partner interests in its partnership. The firm intends to apply to list its common units on the New York Stock Exchange under the symbol "KKR".

The registration statement relates to an aggregate amount of $1.25 billion of common units. KKR expects to use the net proceeds from the offering to grow its business, to make additional capital commitments to its funds and portfolio companies, and for general corporate purposes. KKR's existing owners will not sell any common units or otherwise receive any of the net proceeds from the offering. KKR expects to complete the proposed offering during the third or fourth quarter of 2007.