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KKR’s second direct lending fund raises $1.34 bln

Kohlberg Kravis Roberts & Co. said Thursday that its second direct lending fund closed at $1.34 billion. KKR Lending Partners II LP began soliciting third party capital in 2014 and held a first close in June. KKRLP II received backing from public pensions, insurance companies, private banking platforms, family offices and individual investors, KKR said.

Sinha named KKR industry advisor

Kohlberg Kravis Roberts & Co. said Wednesday that Anand Sinha was named an industry advisor to the firm effective immediately. Sinha is the former Deputy Governor of the Reserve Bank of India.

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KKR and FDL complete acquisition of Wyoming EOR assets

Kohlberg Kravis Roberts & Co. and Fleur de Lis Energy have completed the buy of certain CO2 enhanced oil recovery assets from Anadarko Petroleum Corp. The assets are based in Wyoming’s Powder River and Green River Basins. No financial terms were disclosed.

European Loan Programme in $395.3 mln loan for KKR’s theTrainline buy

The European Loan Programme has provided a 265 million pound (US$395.3 mln) loan to fund KKR’s buy of theTrainline.  London-based theTrainline is an online platform to sell rail tickets to consumers. The European Loan Programme is a joint venture between Ares Management and GE Capital.  The ELP provides senior debt financing to upper middle market European companies.

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Ares Management taps KKR’s McFerran as EVP, CFO and treasurer

Ares Management LP has hired Michael R. McFerran as executive vice president, chief financial officer and treasurer. The appointment becomes effective March 23, 2015. Prior to joining Ares, McFerran was a managing director at Kohlberg Kravis Roberts & Co. LP where he worked as the CFO of KKR’s credit business and was the COO and CFO of KKR Financial Holdings LLC.

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peHUB First Read

First Read starts your week with news of Holcim’s board rejecting Lafarge merger terms, KKR, Varde and Deutsche acquire GE Capital’s consumer finance unit for $6.3 billion and Russia’s Vladmir Putin finally makes an appearance.

GE’s to sell Australia, NZ consumer finance unit for $6.26 bln

Värde Partners, KKR and Deutsche Bank have agreed to buy GE Capital’s Australia and New Zealand consumer lending business for A$8.2 billion (US$6.26 bln). The unit, A partner to many retailers in Australia and New Zealand, provides personal loans, credit cards and interest free retail finance. It has more than 3 million customers. Credit Suisse and Morgan Stanley provided advice to GE, while Bank of America Merrill Lynch, Moelis & Company and Citi advised the consortium.

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peHUB Second Opinion

In Second Opinion, stocks drop sharply on fears the Fed may soon raise interest rates, KKR is in advanced talks to acquire Air Medical for around $2 billion and Hillary Clinton defends her use of private-email, saying she thought it would be easier on one device.

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