Not all of Solyndra’s private investors were Friends of Barack.
When solar manufacturer Solyndra filed for bankruptcy earlier this month, I listed the private investors that were likely to lose their shirts. Most of the subsequent attention has focused on Argonaut Private Equity, the firm affiliated with Obama backer George Kaiser, while firms like Madrone Partners and Rockport Capital Partners also have received some attention.
But one notable Solyndra investor has slipped below the radar: Kohlberg Kravis Roberts & Co. (KKR).
The private equity giant made two equity investments in Solyndra, via its KKR Financial Holdings (KFN) affiliate. The first came in October 2006, while the second was made in July 2007. They totaled $13.86 million –all of which was written down to zero at the end of last year (in part because the federal loan restructuring converted existing preferred stock to common stock).
A KKR spokeswoman confirmed the investments.
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