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Kohlberg, Kravis & Roberts ("KKR")

Rockslinger

Banned
Apr 24, 2005
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This cannot be a good sign. Word on the street is that KKR is planning an IPO. These are smart people. Why are they cashing out now?:confused:
 

nofrills

New member
Sep 13, 2004
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This cannot be a good sign. Word on the street is that KKR is planning an IPO. These are smart people. Why are they cashing out now?:confused:
It's not new. They were planning an IPO in 2008 before markets tanked. Blackrock, another PE firm went public as well few years ago.
 

Dragon.i

New member
Jan 10, 2010
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All good things come to an end perhaps?

If you're one of the KKR then you might want to "cash" out as billionaires.

Just like Blackrock, and other LBOs specialists, saw the period a few years back as a great financial environment to go IPO.
 

hinz

New member
Nov 27, 2006
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Just like Blackrock, and other LBOs specialists, saw the period a few years back as a great financial environment to go IPO.
I think you mean Blackstone Group instead of Blackrock

Blackrock is the world largest money manager. Its AUM is around US$3.35 Trillion, slightly more than those in Federal Reserve.

Blackstone Group, OTOH is the LBO that some high level Mandarins at CIC used average Chen, Huang & Li money to gamble in mid-2007 by subscribing to the IPO, just the right time to take up to 75%+ haircut a year ago.

Not sure their investment at Teck Resources could help them to get back even to the huge losses on punting Morgan Stanley and the Blackstone Group stocks. :rolleyes:

BTW, David Emerson is a member of the International Advisory Council at CIC.
 

hinz

New member
Nov 27, 2006
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It's not new. They were planning an IPO in 2008 before markets tanked. Blackrock, another PE firm went public as well few years ago.
Oh boy, no wonder financial literacy is such a sorry state when people mix up Blackrock, the world's largest money manager managed by Larry Fink, to Blackstone Group, the PE firm that went public/IPO in mid-2007 before putting hard-earn retirement money at risk. :rolleyes:
 

Dragon.i

New member
Jan 10, 2010
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I think you mean Blackstone Group instead of Blackrock

Blackrock is the world largest money manager. Its AUM is around US$3.35 Trillion, slightly more than those in Federal Reserve.

Blackstone Group, OTOH is the LBO that some high level Mandarins at CIC used average Chen, Huang & Li money to gamble in mid-2007 by subscribing to the IPO, just the right time to take up to 75%+ haircut a year ago.

Not sure their investment at Teck Resources could help them to get back even to the huge losses on punting Morgan Stanley and the Blackstone Group stocks. :rolleyes:

BTW, David Emerson is a member of the International Advisory Council at CIC.
Thanks for the correction. It is indeed Blackstone Group that the CIC took a stake in and lost billions by China's sovereign fund - CIC.
 

hinz

New member
Nov 27, 2006
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The CIC should stick to resource companies, instead of dealing with these shysters (flim flam men).
They did in Teck Resources and the Chinese are lucky to have the Canadians being "nice", unlike the Aussies, read: Rio Tinto who show the mainland Chinese 2 middle fingers on becoming one of the largest shareholders of the company, percentage that is not different to the holdings they have at Tech.

BTW, I don't see those mainland Chinese need to learn anything new from those "shysters" since they were doing similar scheme for decades, albeit not as slick as the white men....:rolleyes:
 
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