KKR to merge with Pacific Alternative Asset Management Company, hedge fund investors. Financial terms were not disclosed. This transaction will bring together two leading brands to create one of the largest firms in the liquid alternatives industry, with over $30bn of assets under management or advisement and the ability to fulfil a broad range of liquid alternatives needs. "This transformative step will enable us to provide added scale benefits, wider investment options and faster innovation to all of our investors. Organizationally, we are excited by how well Prisma's investment franchise complements our own, and by the possibilities that KKR brings. I look forward to working with Girish to capitalize on the experience and expertise of our combined teams to continue to deliver compelling and value-added solutions to our clients." Jane Buchan, PAAMCO co-Founder and CEO.