KKR & Co LP (KKR.N) has more than $11 billion available to buy companies, the private equity giant said on Tuesday as it kicked off its first ever investor day. "We believe that is incredible capital to take advantage of the opportunities we see in private equity around the globe," KKR partner Alexander Navab said, referring to the "dry powder." With the financial crisis abating, private equity firms have been getting back into the market, hunting for deals to put billions of unspent dollars to work and exiting investments they made during the mergers boom before the crisis.
Source
