Alternative asset manager files for IPO

• To sell common units representing limited partner interests

• Follows IPOs by Blackstone and Fortress Investment
• More at Private Equity IPOs

• SEC filing fee is based on a $1.25B IPO
• KKR press release  7.03.07
• "Why we are going public"  S-1 at page 11

Underwriters

• Morgan Stanley
• Citi

Counsel

• KKR:  Simpson Thacher
• Underwriters: Davis Polk

Form S-1

• Top

• Summary
• Use of proceeds
• Cash distribution policy
• Company structure
• Pro forma financial information
• Selected financial data
• MD&A
• Private equity valuations
• Industry
• Business

• Investment list

• Management
• Security ownership
• Related person transactions
• Conflicts of interest
• LP agreement
• Tax considerations
• Underwriters
• Financial statements

KKR-affiliated company listed on Euronext Amsterdam

• KPE news - stock chart
• Raised $5B in 2006 IPO

• Business description  S-1 at page 138

KKR-affiliated REIT went public in 2005

• KFN news - stock chart
• Raised $800 million

• Business description  S-1 at page 143
• IPO prospectus  6.23.05

PE Firm IPOs

Private Equity