Wednesday, April 30, 2008
Friday, April 4, 2008
2008 Separately Managed Accounts Award Winners
Investment Advisor Magazine and Prima Capital Announce 2008 Separately Managed Accounts Award Winners -- Fourth Annual Ranking Recognizes Six "At the Summit" Management Teams and Portfolios
Investment Advisor magazine and Prima Capital announced today that six portfolio management teams have been chosen as winners of the 2008 Separately Managed Accounts (SMA) Awards. This is the fourth year that Investment Advisor and Prima Capital have partnered to identify separate accounts that are best in class.
This year, there are six winners in five categories:
Large-Cap U.S. Equity,
Mid-Cap Domestic Equity,
Small-Cap Domestic Equity,
International Equity, and
Fixed Income.
New York, April 1, 2008
Investment Advisor magazine and Prima Capital announced today that six portfolio management teams have been chosen as winners of the 2008 Separately Managed Accounts (SMA) Awards.
This is the fourth year that Investment Advisor and Prima Capital have partnered to identify separate accounts that are best in class.
The SMA Award winners are profiled in Investment Advisor's April cover story and online at www.investmentadvisor.com beginning April 1. The winners are:
• Appleton Tax-Exempt Municipal, managed by a team including Senior Vice President, Fixed Income, and Portfolio Manager Anson Clough. This is the third consecutive year that Appleton has won in the fixed-income category;
• Congress Large-Cap Growth, which is run by the firm's Large-Cap Growth Investment Policy Committee. Dan Lagan, Congress's Chief Investment Officer and President, heads the team;
• C. S. McKee Small-Cap Core Equity, managed by a team including Lead Portfolio Manager Phu O;
• Eagle International Equity, managed by a team including Partners Eddie Allen, John Gualy, Thomas Hunt, and Steven Russo. This two-time winner also received the SMA Award for international equity in 2005;
• Geneva Mid-Cap Growth, run by Portfolio Managers Amy Croen, William Priebe, Michelle Picard, and Scott Priebe. This is the second year in a row that Geneva Mid-Cap Growth received the Mid-Cap SMA Award; and,
• Thornburg Value Equity, which is run by co-portfolio managers Bill Fries, Edward Maran, and Connor Browne. This is the fourth consecutive SMA Award for Thornburg in the U.S. large-cap equity category.
"Advisors performing asset allocation work on behalf of their high-net-worth clients need to know who the best managers are; Prima's unparalleled data and analysis provides valuable guidance for our readers to gain that knowledge," said Investment Advisor Editorial Director Jamie Green.
To be eligible for consideration, a separately managed account must have at least $200 million in assets, lead-manager tenure of three years or more, be widely available for distribution by investment advisors and wealth managers, and rank above-average in at least four of the five categories identified by Prima.
The categories include firm quality, depth of resources, level of client service and customization, tax efficiency, and performance. Data was based on year-end 2007 statistics.
This year's SMA Award Selection Committee included Prima Capital President J. Gibson (Gib) Watson, III, CIMA®, Investment Advisor Editorial Director Jamie Green, and Senior Editor Kathleen McBride, Prima Capital Chief Investment Officer Cliff Stanton, CFA, and his colleague, Nathan Behan, CFA, Prima's Director of Research.
"In today's challenging markets when many financial theories are being questioned, the one principle that continues to hold true is that investment quality is the Holy Grail" said Mr. Watson. "This year's SMA Award winners represent the types of all-weather investments that advisors and their clients should consider because they offer clear investment philosophies, repeatable processes, consistent performance and peace of mind."
With a circulation of 110,000, Investment Advisor is now in its 28th year of serving independent and independent-minded investment advisors and financial planners across the United States. Investment Advisor, part of Summit Business Media, LLC, offers information and analysis on wealth management, retirement planning, investment strategies, practice management, compliance and regulatory issues, and insurance and tax planning, all designed to help registered investment advisors and independent broker/dealer representatives become more successful.
Prima Capital is a leading provider of wealth management solutions to banks, broker dealers and trust companies. Prima conducts objective, institutional-quality research and due diligence on separately-managed accounts, mutual funds, ETFs and alternatives. Strong proponents of investment quality, Prima's analysts uncover "best of breed" separate account managers who deliver consistently strong returns with considerably less risk than their competitors. Prima also offers portfolio strategy and advice to executives who oversee multi-manager wealth management programs. The company recently launched multi-manager portfolios - Prima Target Risk Portfolios and Prima Target Date Portfolios - which bundle the best managers from Prima's objective research into a portfolio.
Please visit the website at www.primacapital.com for additional information
Investment Advisor magazine and Prima Capital announced today that six portfolio management teams have been chosen as winners of the 2008 Separately Managed Accounts (SMA) Awards. This is the fourth year that Investment Advisor and Prima Capital have partnered to identify separate accounts that are best in class.
This year, there are six winners in five categories:
Large-Cap U.S. Equity,
Mid-Cap Domestic Equity,
Small-Cap Domestic Equity,
International Equity, and
Fixed Income.
New York, April 1, 2008
Investment Advisor magazine and Prima Capital announced today that six portfolio management teams have been chosen as winners of the 2008 Separately Managed Accounts (SMA) Awards.
This is the fourth year that Investment Advisor and Prima Capital have partnered to identify separate accounts that are best in class.
The SMA Award winners are profiled in Investment Advisor's April cover story and online at www.investmentadvisor.com beginning April 1. The winners are:
• Appleton Tax-Exempt Municipal, managed by a team including Senior Vice President, Fixed Income, and Portfolio Manager Anson Clough. This is the third consecutive year that Appleton has won in the fixed-income category;
• Congress Large-Cap Growth, which is run by the firm's Large-Cap Growth Investment Policy Committee. Dan Lagan, Congress's Chief Investment Officer and President, heads the team;
• C. S. McKee Small-Cap Core Equity, managed by a team including Lead Portfolio Manager Phu O;
• Eagle International Equity, managed by a team including Partners Eddie Allen, John Gualy, Thomas Hunt, and Steven Russo. This two-time winner also received the SMA Award for international equity in 2005;
• Geneva Mid-Cap Growth, run by Portfolio Managers Amy Croen, William Priebe, Michelle Picard, and Scott Priebe. This is the second year in a row that Geneva Mid-Cap Growth received the Mid-Cap SMA Award; and,
• Thornburg Value Equity, which is run by co-portfolio managers Bill Fries, Edward Maran, and Connor Browne. This is the fourth consecutive SMA Award for Thornburg in the U.S. large-cap equity category.
"Advisors performing asset allocation work on behalf of their high-net-worth clients need to know who the best managers are; Prima's unparalleled data and analysis provides valuable guidance for our readers to gain that knowledge," said Investment Advisor Editorial Director Jamie Green.
To be eligible for consideration, a separately managed account must have at least $200 million in assets, lead-manager tenure of three years or more, be widely available for distribution by investment advisors and wealth managers, and rank above-average in at least four of the five categories identified by Prima.
The categories include firm quality, depth of resources, level of client service and customization, tax efficiency, and performance. Data was based on year-end 2007 statistics.
This year's SMA Award Selection Committee included Prima Capital President J. Gibson (Gib) Watson, III, CIMA®, Investment Advisor Editorial Director Jamie Green, and Senior Editor Kathleen McBride, Prima Capital Chief Investment Officer Cliff Stanton, CFA, and his colleague, Nathan Behan, CFA, Prima's Director of Research.
"In today's challenging markets when many financial theories are being questioned, the one principle that continues to hold true is that investment quality is the Holy Grail" said Mr. Watson. "This year's SMA Award winners represent the types of all-weather investments that advisors and their clients should consider because they offer clear investment philosophies, repeatable processes, consistent performance and peace of mind."
With a circulation of 110,000, Investment Advisor is now in its 28th year of serving independent and independent-minded investment advisors and financial planners across the United States. Investment Advisor, part of Summit Business Media, LLC, offers information and analysis on wealth management, retirement planning, investment strategies, practice management, compliance and regulatory issues, and insurance and tax planning, all designed to help registered investment advisors and independent broker/dealer representatives become more successful.
Prima Capital is a leading provider of wealth management solutions to banks, broker dealers and trust companies. Prima conducts objective, institutional-quality research and due diligence on separately-managed accounts, mutual funds, ETFs and alternatives. Strong proponents of investment quality, Prima's analysts uncover "best of breed" separate account managers who deliver consistently strong returns with considerably less risk than their competitors. Prima also offers portfolio strategy and advice to executives who oversee multi-manager wealth management programs. The company recently launched multi-manager portfolios - Prima Target Risk Portfolios and Prima Target Date Portfolios - which bundle the best managers from Prima's objective research into a portfolio.
Please visit the website at www.primacapital.com for additional information
Lexington Wealth Management Named one of Reuters Top Five Advisers for 2008
Lexington Wealth Management Named one of Reuters Top Five Advisers for 2008
Lexington Wealth Management, a leading wealth management and investment consulting firm for high net worth individuals, was recognized by Reuters as a leading adviser in the New England region.
Lexington, MA (PRWEB) April 2, 2008
Lexington Wealth Management, a leading wealth management and investment consulting firm for high net worth individuals, today announced it has been named as one of the top five advisers on Reuters' Top Advisers 2008 list.
The list highlights firms in each geographic region of the U.S. based on criteria such as niche client focus (e.g., professions, language, average client net-worth, etc.) and assets under management. Top Advisers are integrated into an online forum designed to connect investors with professionals that best suit their needs.
Kristine Porcaro, COO and Co-founder of Lexington Wealth Management, is highlighted as a Top Adviser for 2008. "It's a great honor to be recognized for the work we're doing with clients, and we see this selection as more exciting validation of our unique approach," said Porcaro. "In good times and under difficult market conditions, we continue to prioritize our clients' portfolio performance, their comfort level with our team, and their trust in our ability to understand and pursue their goals as a true advocate."
About Lexington Wealth Management
Lexington Wealth Management is a boutique fee-only, conflict free investment and financial advisory firm that provides concierge services. Based in Boston and Manhattan, the firm serves clients such as men and women who are entrepreneurs or have wealth in transition. As their clients' advocate, Lexington Wealth Management engages clients in an open dialogue, offers conflict-free advice, and employs forward-thinking investment strategies and specialized services that provide the most effective means to enjoying and preserving their wealth.
http://www.lexingtonwealth.com/
Lexington Wealth Management, a leading wealth management and investment consulting firm for high net worth individuals, was recognized by Reuters as a leading adviser in the New England region.
Lexington, MA (PRWEB) April 2, 2008
Lexington Wealth Management, a leading wealth management and investment consulting firm for high net worth individuals, today announced it has been named as one of the top five advisers on Reuters' Top Advisers 2008 list.
The list highlights firms in each geographic region of the U.S. based on criteria such as niche client focus (e.g., professions, language, average client net-worth, etc.) and assets under management. Top Advisers are integrated into an online forum designed to connect investors with professionals that best suit their needs.
Kristine Porcaro, COO and Co-founder of Lexington Wealth Management, is highlighted as a Top Adviser for 2008. "It's a great honor to be recognized for the work we're doing with clients, and we see this selection as more exciting validation of our unique approach," said Porcaro. "In good times and under difficult market conditions, we continue to prioritize our clients' portfolio performance, their comfort level with our team, and their trust in our ability to understand and pursue their goals as a true advocate."
About Lexington Wealth Management
Lexington Wealth Management is a boutique fee-only, conflict free investment and financial advisory firm that provides concierge services. Based in Boston and Manhattan, the firm serves clients such as men and women who are entrepreneurs or have wealth in transition. As their clients' advocate, Lexington Wealth Management engages clients in an open dialogue, offers conflict-free advice, and employs forward-thinking investment strategies and specialized services that provide the most effective means to enjoying and preserving their wealth.
http://www.lexingtonwealth.com/
Wednesday, April 2, 2008
Fitch Creates Structured Finance Portfolio Risk Officer Positions
April 02, 2008
NEW YORK & LONDON--(BUSINESS WIRE)
Fitch Ratings has established a new function within its Structured Finance rating groups known as Portfolio Risk, appointing two new Portfolio Risk Officers in the process.
Managing Director and former U.S. RMBS co-head Glenn Costello will become head Portfolio Risk Officer for U.S. structured finance, reporting to Group Managing Director John Bonfiglio. Managing Director Stuart Jennings, formerly the head of Fitch's European RMBS team, takes over as lead Portfolio Risk Officer for EMEA structured finance, reporting to Group Managing Director Ian Linnell.
"The Portfolio Risk Officer will bring enhanced analytical oversight, experience and training to all structured finance groups by working with each of them in identifying important trends, ensuring our analytical process is both rigorous and balanced, and helping to identify and encourage strong opinion and research opportunities," said Paul Taylor, head of Global Structured Finance for Fitch Ratings.
Coinciding with the creation of the new positions, Group Managing Director Huxley Somerville becomes head of Fitch's U.S. RMBS group, reporting to John Bonfiglio.
NEW YORK & LONDON--(BUSINESS WIRE)
Fitch Ratings has established a new function within its Structured Finance rating groups known as Portfolio Risk, appointing two new Portfolio Risk Officers in the process.
Managing Director and former U.S. RMBS co-head Glenn Costello will become head Portfolio Risk Officer for U.S. structured finance, reporting to Group Managing Director John Bonfiglio. Managing Director Stuart Jennings, formerly the head of Fitch's European RMBS team, takes over as lead Portfolio Risk Officer for EMEA structured finance, reporting to Group Managing Director Ian Linnell.
"The Portfolio Risk Officer will bring enhanced analytical oversight, experience and training to all structured finance groups by working with each of them in identifying important trends, ensuring our analytical process is both rigorous and balanced, and helping to identify and encourage strong opinion and research opportunities," said Paul Taylor, head of Global Structured Finance for Fitch Ratings.
Coinciding with the creation of the new positions, Group Managing Director Huxley Somerville becomes head of Fitch's U.S. RMBS group, reporting to John Bonfiglio.
Saturday, March 22, 2008
Bear Stearns Declares Quarterly Cash Dividend on Preferred Shares
March 20, 2008
Bear Stearns Declares Quarterly Cash Dividend on Preferred Shares
NEW YORK--(BUSINESS WIRE)
The Board of Directors of The Bear Stearns Companies Inc. (NYSE:BSC) declared the following regular quarterly dividends: (i) a cash dividend of $3.075 per share on the outstanding shares of 6.15% Cumulative Preferred Stock, Series E (which is equivalent to 76.875 cents per related depositary share); (ii) a cash dividend of $2.86 per share on the outstanding shares of 5.72% Cumulative Preferred Stock, Series F (which is equivalent to 71.50 cents per related depositary share); and (iii) a cash dividend of $2.745 per share on the outstanding shares of 5.49% Cumulative Preferred Stock, Series G (which is equivalent to 68.625 cents per related depositary share) all payable April 15, 2008 to stockholders of record on March 31, 2008.
Bear Stearns Declares Quarterly Cash Dividend on Preferred Shares
NEW YORK--(BUSINESS WIRE)
The Board of Directors of The Bear Stearns Companies Inc. (NYSE:BSC) declared the following regular quarterly dividends: (i) a cash dividend of $3.075 per share on the outstanding shares of 6.15% Cumulative Preferred Stock, Series E (which is equivalent to 76.875 cents per related depositary share); (ii) a cash dividend of $2.86 per share on the outstanding shares of 5.72% Cumulative Preferred Stock, Series F (which is equivalent to 71.50 cents per related depositary share); and (iii) a cash dividend of $2.745 per share on the outstanding shares of 5.49% Cumulative Preferred Stock, Series G (which is equivalent to 68.625 cents per related depositary share) all payable April 15, 2008 to stockholders of record on March 31, 2008.
Monday, March 17, 2008
Pay-Per-Click Advertising -- A Method
Pay-Per-Click Advertising -- A Method to the Madness
SYNERGE-marketing issues a specific standard on how a successful Pay-Per-Click Campaign should be created and managed.
Fairfield, CT (PRWEB) March 7, 2008
SYNERGE-marketing has issued a specific standard as to how a Pay-Per-Click campaign should be set up. These are points that should always be followed to ensure the success of any PPC campaign. They are simple and effective. This list was created to assist anyone wishing to engaged in search engine marketing and give them a leg up on the competition.
Pay-Per-Click advertising or PPC, as it is more commonly known, is fast becoming the most compelling online advertising medium. Now, many people think they can just jump right into PPC and just watch the sales roll in. Is it surprising that these are the people who end up spending big money only to never make a sale or generate a lead? No, it isn't surprising in the least. These are people who failed to research the online market for Pay-Per-Click advertising whether it be through Google, Yahoo! or MSN. If wasting thousands of dollars with no return on investment isn't madness, what is?
There are specific methods which should be applied to PPC campaigns, regardless of the industry being targeted. These methods are simple and easy to follow.
1. Always research the industry the PPC campaign focuses on. If enough is not known about the industry being marketed to, money will only be wasted. Take some time to become familiarized with industry terms and phrases. Talk to clients and learn how industry products and services are being searched for.
2. Choose the proper keywords. If all that is being bid on is a list of 150 generic keywords, money will be wasted due to irrelevant clicks. Achieving consistent results is what builds a business and this is done by using "exact match" keywords as well as "phrase matching", filtering out irrelevant traffic.
3. Create ad groups. What this means is, divide your keyword list into segments. For example, if someone had a keyword list for an insurance company of over 100 keywords spanning car insurance, home insurance, life insurance and dental insurance, ad groups for each insurance type should be created. Setting up PPC campaigns in this fashion gives far more control over the advertisements which will be displayed after a search query.
4. Write targeted advertisements. Google as an example allows you only so many characters for each line in an advertisement. The title line must be within 25 characters, the 1st description line must be within 35 characters, as well as the 2nd description line. The display URL for the ad must also be within 35 characters, but the destination URL can be within 1024 characters. These restrictions mean that creativity is needed when choosing how to word an advertisement. It must be catchy and appealing to the eye. Statistics have shown that capitalizing the first letter of each word helps make an ad stand out more.
5. Include keywords in the advertisements. By doing this, the ads will stand out a little more from the competitions. The search engines will often bold keywords in advertisements if they were part of a search query. This lends relevancy to advertisements, helping them attain a better position in the sponsored link area of the search engines while bidding less for keywords than a competitor.
6. Link to pages with relevant content. This is very important, especially with Google. Google likes to see advertisements directing people to pages that have information relevant to the keywords that triggered it. This will also help to gain better positioning while paying less for keywords.
7. Split test. What this means is that advertisements should constantly be changing. Start with three ads for each ad group and every week, take the lowest performing ad and re-write it. When split testing ads, the goal is to increase click-through rates and conversion rates by offering people highly targeted ads.
8. Analyze and refine. This step is one of the most critical ones. Always include some sort of analytics software in websites which are engaging in an internet marketing initiative. This allows monitoring to be done on how people from a PPC campaign are interacting with the site and track where prospective customers are being lost. This information allows for site revisions that will help keep traffic from leaving a website, further increasing conversion rates and lead generation.
While these methods are simple to follow, not all people choose to. Without proper attention to detail, research and without a willingness to follow proven methods, PPC campaigns can easily fail. This is one of many reasons to contract a PPC specialist. These are people who use proven methods and are often certified to do this type of work. When handled by a professional, a PPC campaign can easily give offer a return on investment that will not only cover the advertising costs, but will help grow a business by generating new customers, leads, and revenues.
By Randi Brawley
Copyright © 2008 SYNERGe-Marketing.
http://www.synergemarketing.com
(I get the information as a registered member of PRWEB for publication)
SYNERGE-marketing issues a specific standard on how a successful Pay-Per-Click Campaign should be created and managed.
Fairfield, CT (PRWEB) March 7, 2008
SYNERGE-marketing has issued a specific standard as to how a Pay-Per-Click campaign should be set up. These are points that should always be followed to ensure the success of any PPC campaign. They are simple and effective. This list was created to assist anyone wishing to engaged in search engine marketing and give them a leg up on the competition.
Pay-Per-Click advertising or PPC, as it is more commonly known, is fast becoming the most compelling online advertising medium. Now, many people think they can just jump right into PPC and just watch the sales roll in. Is it surprising that these are the people who end up spending big money only to never make a sale or generate a lead? No, it isn't surprising in the least. These are people who failed to research the online market for Pay-Per-Click advertising whether it be through Google, Yahoo! or MSN. If wasting thousands of dollars with no return on investment isn't madness, what is?
There are specific methods which should be applied to PPC campaigns, regardless of the industry being targeted. These methods are simple and easy to follow.
1. Always research the industry the PPC campaign focuses on. If enough is not known about the industry being marketed to, money will only be wasted. Take some time to become familiarized with industry terms and phrases. Talk to clients and learn how industry products and services are being searched for.
2. Choose the proper keywords. If all that is being bid on is a list of 150 generic keywords, money will be wasted due to irrelevant clicks. Achieving consistent results is what builds a business and this is done by using "exact match" keywords as well as "phrase matching", filtering out irrelevant traffic.
3. Create ad groups. What this means is, divide your keyword list into segments. For example, if someone had a keyword list for an insurance company of over 100 keywords spanning car insurance, home insurance, life insurance and dental insurance, ad groups for each insurance type should be created. Setting up PPC campaigns in this fashion gives far more control over the advertisements which will be displayed after a search query.
4. Write targeted advertisements. Google as an example allows you only so many characters for each line in an advertisement. The title line must be within 25 characters, the 1st description line must be within 35 characters, as well as the 2nd description line. The display URL for the ad must also be within 35 characters, but the destination URL can be within 1024 characters. These restrictions mean that creativity is needed when choosing how to word an advertisement. It must be catchy and appealing to the eye. Statistics have shown that capitalizing the first letter of each word helps make an ad stand out more.
5. Include keywords in the advertisements. By doing this, the ads will stand out a little more from the competitions. The search engines will often bold keywords in advertisements if they were part of a search query. This lends relevancy to advertisements, helping them attain a better position in the sponsored link area of the search engines while bidding less for keywords than a competitor.
6. Link to pages with relevant content. This is very important, especially with Google. Google likes to see advertisements directing people to pages that have information relevant to the keywords that triggered it. This will also help to gain better positioning while paying less for keywords.
7. Split test. What this means is that advertisements should constantly be changing. Start with three ads for each ad group and every week, take the lowest performing ad and re-write it. When split testing ads, the goal is to increase click-through rates and conversion rates by offering people highly targeted ads.
8. Analyze and refine. This step is one of the most critical ones. Always include some sort of analytics software in websites which are engaging in an internet marketing initiative. This allows monitoring to be done on how people from a PPC campaign are interacting with the site and track where prospective customers are being lost. This information allows for site revisions that will help keep traffic from leaving a website, further increasing conversion rates and lead generation.
While these methods are simple to follow, not all people choose to. Without proper attention to detail, research and without a willingness to follow proven methods, PPC campaigns can easily fail. This is one of many reasons to contract a PPC specialist. These are people who use proven methods and are often certified to do this type of work. When handled by a professional, a PPC campaign can easily give offer a return on investment that will not only cover the advertising costs, but will help grow a business by generating new customers, leads, and revenues.
By Randi Brawley
Copyright © 2008 SYNERGe-Marketing.
http://www.synergemarketing.com
(I get the information as a registered member of PRWEB for publication)
KKR Private Equity Investors Provides Portfolio Clarification
March 13, 2008 10:18
KKR Private Equity Investors Provides Portfolio Clarification
No Exposure to Residential Real Estate Loans
GUERNSEY, Channel Islands--(BUSINESS WIRE)
KKR Private Equity Investors, L.P. (Euronext Amsterdam: KPE), a Guernsey limited partnership that invests its assets in private equity and opportunistic investments identified by Kohlberg Kravis Roberts & Co. (“KKR”), confirms that its investment portfolio has no exposure to residential real estate, mortgage-backed securities or subprime mortgages.
Kendra Decious, Chief Financial Officer, KKR Guernsey GP Limited, said “Over 90 percent of KPE’s $5.8 billion portfolio is invested in the KKR private equity funds and other private equity investments. KPE does not have any risk from U.S. home loan assets.” This press release is issued in response to inquiries directed to KPE from various unitholders.
KPE invests its capital as the sole limited partner of KKR PEI Investments, L.P. (the “Investment Partnership”). The Investment Partnership has drawn in full on its senior secured credit facility in the amount of $1.0 billion, which is not due to be repaid until its maturity on June 11, 2012.
KPE reported results for the quarter ended December 31, 2007 on February 29, 2008. KPE’s 2007 Annual Report, providing explanations of its investment strategy and holdings, can be found on its website at www.kkrprivateequityinvestors.com.
About KPE
KKR Private Equity Investors, L.P. (KPE) is a Guernsey limited partnership that seeks to create long-term value by participating in private equity and opportunistic investments identified by Kohlberg Kravis Roberts & Co. (KKR). Formed in April 2006, KPE enables certain public market investors to invest in KKR-identified investments. KPE will invest at least 75% of its assets in KKR’s private equity investments, while up to 25% of its assets may be invested opportunistically in other investments identified by KKR. KPE makes its investments through another Guernsey limited partnership, KKR PEI Investments, L.P., as its sole limited partner.
KKR Private Equity Investors Provides Portfolio Clarification
No Exposure to Residential Real Estate Loans
GUERNSEY, Channel Islands--(BUSINESS WIRE)
KKR Private Equity Investors, L.P. (Euronext Amsterdam: KPE), a Guernsey limited partnership that invests its assets in private equity and opportunistic investments identified by Kohlberg Kravis Roberts & Co. (“KKR”), confirms that its investment portfolio has no exposure to residential real estate, mortgage-backed securities or subprime mortgages.
Kendra Decious, Chief Financial Officer, KKR Guernsey GP Limited, said “Over 90 percent of KPE’s $5.8 billion portfolio is invested in the KKR private equity funds and other private equity investments. KPE does not have any risk from U.S. home loan assets.” This press release is issued in response to inquiries directed to KPE from various unitholders.
KPE invests its capital as the sole limited partner of KKR PEI Investments, L.P. (the “Investment Partnership”). The Investment Partnership has drawn in full on its senior secured credit facility in the amount of $1.0 billion, which is not due to be repaid until its maturity on June 11, 2012.
KPE reported results for the quarter ended December 31, 2007 on February 29, 2008. KPE’s 2007 Annual Report, providing explanations of its investment strategy and holdings, can be found on its website at www.kkrprivateequityinvestors.com.
About KPE
KKR Private Equity Investors, L.P. (KPE) is a Guernsey limited partnership that seeks to create long-term value by participating in private equity and opportunistic investments identified by Kohlberg Kravis Roberts & Co. (KKR). Formed in April 2006, KPE enables certain public market investors to invest in KKR-identified investments. KPE will invest at least 75% of its assets in KKR’s private equity investments, while up to 25% of its assets may be invested opportunistically in other investments identified by KKR. KPE makes its investments through another Guernsey limited partnership, KKR PEI Investments, L.P., as its sole limited partner.
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