KKR emerges as frontrunner for $3 bln NYC pension strategic relationship

KKR, Kohlberg Kravis Roberts, New York City, Scott Stringer, private equity, pension fund
New York City Comptroller Scott Stringer -- then Manhattan borough president -- speaks during a primary debate for New York City comptroller in the WCBS-TV studios in New York, August 22, 2013. REUTERS/Frank Franklin II/POOL (UNITED STATES - Tags: POLITICS) - RTX12TSP
  • Mandate totals $3 bln across asset classes
  • KKR expected to win final approval to run mandate
  • Firm emerged as leader among group of large firms
New York City’s public pension system is creating a huge strategic-relationship mandate similar to structures launched by pension systems in New Jersey and Texas. Kohlberg Kravis Roberts has emerged as the frontrunner to win the $3 billion strategic-relationship mandate with ...

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