KKR completes acquisition of Avoca Capital KKR announced that the acquisition of European credit manager Avoca Capital has received all necessary regulatory approvals and the transaction has closed. all Avoca employees in Dublin and London are joining KKR and KKR expects to grow its presence in Ireland in the future.
Private equity asset managers attractive, says Oppenheimer Oppenheimer expects the private equity-based asset managers to report Q3 negative economic net income. However, Oppenheimer believes that such losses are "a fiction" created by accounting. Oppenheimer's analyst continues to believe that these companies have the best business mode he has sen in 30 years of covering financial stocks, and views the group as significantly undervalued. He expects the group's cash earnings to continue on an upward path, and says that Blackstone (BX), Carlyle Group (CG), and KKR (KKR) all had "significant realizations" in Q3 and have strong backlogs.