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KKR partners with Canadian pension to grow banking unit

The private equity firm has become a big believer in the middle market, if its latest tie up is anything to go by

KKR – the private-equity firm that made its name in the realm of mega-cap buyouts – has become a big believer in the middle market.

That's the subtext of the firm's announcement earlier today that it has brought in the $170bn Canada Pension Plan Investment Board as the latest partner in its nascent capital markets unit, called MerchCap Solutions.

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