KKR’s European funds underperform

Europe II and Europe III are only funds not already in profit for the US buyout house

Kohlberg Kravis Roberts' European buyout funds are its only vehicles not already in profit, the operation announced yesterday, following a difficult period of private equity investments in the region.

KKR said that all of its funds were already due to pay carried interest - profit received by the buyout firm - except two funds in Europe, where it made some of the region's largest investments.

WSJ Logo