KKR Acquisition Holding to liquidate as the latest SPAC melts down

KKR Acquisition Holding to liquidate as the latest SPAC melts down

KKR & Co. Inc., the investment company which controls KKR Acquisition Holdings I Corp. plans to pay back $1.2 billion to shareholders as the third-largest special purpose acquisition company (SPAC) follows others who have folded amid regulatory changes and tougher deal conditions nowadays. SPACs have run into tighter credit conditions and difficulty in the market…

Big-name investors are back putting more ‘junk’ in their funds, despite the carnage in bonds

Big-name investors are back putting more ‘junk’ in their funds, despite the carnage in bonds

Wall Street investors specialized in buying risky forms of corporate debt to slice-and-dice into securities have added an estimated $2 billion in high-yield, or “junk bonds,” to their funds already this year, according to an analysis by BofA Global. Funds managed by the Carlyle Group Inc. CG, +1.36%, KKR & Co. Inc. KKR, +0.95% and…