News & Events

The Firm is representing KKR Asset Management LLC, an affiliate of KKR & Co. L.P., in connection with a second joint venture with the principals of Borealis Maritime Ltd., a U.K.-based manager of oceangoing tanker and other shipping vessels. In 2013, KKR and Borealis Maritime formed a joint venture named Embarcadero Maritime to invest in distressed shipping assets. KKR and Borealis Maritime are continuing their partnership with the formation of Embarcadero Maritime II, to make additional investments in the secondhand vessel market. The joint venture recently acquired a portfolio of nine feeder container vessels from Commerzbank.

KKR Asset Management LLC offers a broad range of investment products and invests across the corporate equity and credit spectrum, including (i) leveraged credit strategies, such as leveraged loans and high yield bonds, (ii) liquid long/short equity strategies, and (iii) alternative credit strategies such as mezzanine investments, special situations investments and direct senior lending.

The Simpson Thacher team includes Ed Chung and Wenli Cai (M&A); and Jason Vollbracht (Tax).