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Chris Witkowsky

Mike Bego, Kline Hill
The firm closed Fund III in April on $450m as well as an overage fund on $150m to take advantage of excess opportunities beyond the main fund's pacing.
Co-investments have been a hot topic in private equity as more limited partners seek ways to build direct exposure alongside their trusted GPs in investments.
GPs are seeking fund term amendment requests to either add the ability to use fund-level leverage in general, or to expand their ability to put debt on the fund.
Because of the greater sophistication necessary for private equity investing, what’s not likely any time soon is that individual investors will be able to directly invest in a private equity fund as a standalone product.
Conversations have started up on possible deals over the next few weeks and months as the lockdown eases.
recycle, trash, rubbish, garbage
These situations are especially relevant in older funds that have deployed most of their capital, with little left to reinvest back into portfolio companies.
KKR’s four leaders, co-CEOs Henry Kravis, George Roberts and co-presidents Scott Nuttall and Joseph Bae, will forego salary and bonuses for 2020 as part of the firm's pandemic relief efforts.
LPs have reported frequent and broad communication from GPs, who are keeping fund investors updated on the status of portfolio companies, vulnerable spots and actions GPs are taking to defend investments.
Happily, most private equity firms today are equipped to tackle meetings with portfolio companies, bankers and limited partners virtually.
The strategy is a reaction to the 2017 tax reform, which included provisions that charge an ordinary income tax rate on carry generated from investments held under that period.
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