@WSJ UPDATE: KKR Earnings Beat Expectations as Some LBOs Pay Off # RyanDezember @FoxBusiness @resilient_ent #PrivateEquity

Challenging the view that big deals from the leveraged-buyout boom are destined to be money losers, KKR & Co. (KKR) Friday reported gains from some of those 2006 and 2007 investments to beat expectations for the private-equity firm's quarterly results. "We have been saying for the last several years to our investors that we actually feel quite good about the investments that we made in the 2006 and 2007 period," Scott Nuttall, KKR's head of global capital and asset management, said Friday on a call to discuss the firm's second-quarter results.  

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