KKR has established strategic partnerships with seasoned hedge fund managers, as well as early stage firms. We believe that these strategic partnerships provide our investors with access to a differentiated and diversified mix of hedge fund and liquid alternatives offerings that complement our core investments strategies.
Our strategic partnerships include:
- PAAMCO Prisma: In 2017, we entered into a strategic transaction to create PAAMCO Prisma, a new liquid alternatives investment firm that combined the businesses of PAAMCO and Prisma Capital Partners. We retained a significant minority interest as a long-term strategic partner. PAAMCO Prisma is one of the largest liquid alternatives firms globally and, with a breadth of products and capabilities that span the liquid alternatives spectrum, is well positioned to continue to deliver highly-differentiated customized solutions to its clients.
- Marshall Wace: In 2015, we entered into a long-term strategic partnership with Marshall Wace, a global alternative investment manager specializing in long/short equity products, and acquired a meaningful long-term minority interest in the business. Marshall Wace has a strong track record of innovation and investment success, and the partnership is predicated on the firms’ strong traditions of investing expertise, innovation, entrepreneurship and cultural alignment.
- Nephila Capital: In 2013, we entered into a strategic partnership with Nephila Capital, a Bermuda-based investment manager specializing in reinsurance risk, including insurance-linked securities, catastrophe bonds and weather derivatives. Through its investments, Nephila provides capital relief to primary insurers, reinsurers and state governments in catastrophe-prone areas, giving them the flexibility to write additional insurance for homeowners and businesses.
- In addition to the above strategic partnerships, KKR has also established relationships with select early stage or specialized managers, which include our partnerships with BlackGold Capital Management and Acion Partners.