While KKR has returned $5bn to investors this year, it still lags behind another rival, Carlyle, which has returned almost three times as much to its limited partners year to date. Selling out of investments has become critical both in determining the attitude of limited partners in funds and in influencing dividends paid to public shareholders.
Carlyle's IPO, a major spurt in their Profitgasm, may be reigned in by plummeting asset values. Carlyle's "Great Cash-In" may come to an end.
Recall Carlyle is a virtual nonprofit organization, at least they confessed to this status in their S-1.
