Earlier this year, Kohlberg Kravis Roberts & Company made news with its initial public offering in Amsterdam [1]. It raised $5 billion and expectations across the industry. Many expected a wave of private equity offerings. The pipeline filled up pretty fast. Since then, the enthusiasm has flagged. KKR Private Equity Investors has trended downward in the aftermarket. Apollo Management reduced the amount it sought to raise when it went public. And British private equity firm Doughty Hanson nixed its plans to list last month. Some say that KKR has hurt demand by not quickly investing the funds it raised. Many of the investors in KKR Private Equity have been hedge funds. There has been a fair amount of grousing.

For more on this:
- Here's a New York Times article [2]