On June 18, 2012, KKR & Co., L.P. (NYSE: KKR) announced that it will acquire Prisma Capital Partners for an undisclosed sum.
On June 18, 2012, KKR & Co., L.P. (NYSE:KKR) announced that it will acquire Prisma Capital Partners, LP. As part of the transaction, AEGON will sell its minority stake in Prisma, but will remain a significant investor in its funds. All cash proceeds from the transaction received by management will be reinvested in Prisma funds. Prisma provides customized hedge fund solutions and has approximately $7.8 billion in assets under management, more than 90% of which belong to institutional investors. Prisma is a Registered Investment Advisor, with offices in New York, London and Kentucky. KKR is a global investment firm with approximately $62.3 billion in assets under management. The terms of the transaction, expected to close in the fourth quarter of 2012, were not disclosed.
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