The poor performance of the Blackstone Group in the IPO aftermarket doesn't seem to be slowing the rush of private equity firms heading for similar offerings. Kohlberg Kravis Roberts, as expected, has signaled that it will hit the trough fairly soon. Some interesting tidbits emerged from its filing: The firm has returned 20.2 percent (net of fees) since 1976, and it has $9.3 billion out of $53.4 billion in credit funds. For contrast, Blackstone has about $80 billion under management. Neither potential legislation nor choppy markets are affecting these decisions. You get the sense that the window is closing. It's now or possibly five or ten years from now (never say never). Others will likely follow. You have to wonder what people in Congress are thinking.

For more:
- here's the New York Times article