Nat Zilkha, Co-Head of KKR’s Special Situations and the firm’s Head of Credit, added: “Across the globe, we have identified a number of opportunities to invest in good companies in need of a partner with long-term capital to help them grow or to restructure a challenging situation. In each case, our goal is to be a constructive partner of choice while also delivering strong returns for our investors.”KSSF held its first close in December 2012 and began investing shortly thereafter. Prior to raising the Fund, KKR’s special situations team primarily invested on behalf of large institutional clients through separate accounts. Today, with the new fund, KKR’s special situations platform has approximately $4 billion in assets under management. Since the inception of the strategy in 2010 through Q3 2013, the strategy has generated a gross internal rate of return of 20%, significantly outperforming the S&P 500, MSCI World, and ML High Yield Indices over the same period. Since inception, the strategy is ranked in the top quartile of similar vintage distressed and special situations funds. Since the start of the new Fund’s investment period, approximately 30 percent of the Fund’s capital commitments have been deployed in investment opportunities across the globe. KKR has been particularly active in Europe, having provided $2 billion of capital in the last two years to quality European companies looking for new capital partners. 2013 special situations investments include Hilding Anders International AB, a leading bed and mattress manufacturer based in Sweden, TPS Group, a food-related business in Indonesia, Winoa Group, a world leader in abrasion and cutting technologies for the metal and stone industries based in France; the insulation division of Uralita in Spain and Amedisys, a home healthcare company based in the United States. About KKR Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $90.2 billion in assets under management as of September 30, 2013. With offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments. KKR complements its investment expertise and strengthens interactions with investors through its client relationships and capital markets platform. KKR is publicly traded on the New York Stock Exchange (NYSE:KKR) and "KKR", as used in this release, includes its subsidiaries, their managed investment funds and accounts, and/or their affiliated investment vehicles, as appropriate. For additional information, please visit KKR's website at www.kkr.com.