KRG Pulls $1.5 Billion Fund Amid Planned Departures
By Sabrina Willmer
KRG Capital Partners has pulled its latest buyout vehicle from the fundraising market as three of its original five managing directors will not take part in any future funds, according to two people familiar with the situation.
Charles Hamilton, 64 years old, Christopher Lane, who is 51, and co-founder Charles Gwirtsman, 59, will leave the firm for personal reasons once KRG’s fourth fund is fully exited, according to one of the people. That is scheduled for 2017. The three will continue managing the firm’s existing funds until that time, this person said.