FORTUNE -- Sonos, a maker of high-end wireless home audio systems, has raised approximately $25 million in new funding, Fortune has learned. But none of the money is actually going into the company.
Instead, existing investors like Kohlberg Kravis Roberts & Co. (KKR) and Index Ventures are buying up shares from early employees.
This is at least the third time that Sonos investors have provided employees with liquidity, including as part of a $135 million round that KKR led back in July 2012. At the time, All Things D reported that only around $45 million of that deal was primary capital.
A Sonos spokesman declined to comment.
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What happened when private equity giant KKR got involved with a rural nut processor in Bali.
FORTUNE -- There has been lots of discussion about how private equity firms do (or don't) create new jobs, so today it's worth highlighting an instance in which jobs not only were indisputably created, but the new hires were poor rural villagers. Moreover, the participating private equity firm invested time rather than money.
Here's the story MOREDan Primack - Oct 23, 2013 12:09 PM ET
Public Pension Capital gets a nine-month lifeline.
FORTUNE -- It's tough to raise a new private equity fund. Even if you have decades of experience at Kohlberg Kravis Roberts & Co. (KKR) on your resume.
Last summer we reported that former KKR executives Perry Golkin and Michael Tokarz were quietly raising a new private equity fund that would be marketed almost exclusively to public pension systems. Not surprisingly, it was called Public Pension MOREDan Primack - Sep 5, 2013 12:04 PM ET
Nine years ago, private equity giant KKR did its first ever venture capital deal. It's worked out pretty well.
FORTUNE -- This morning we put Jazz Pharmaceuticals (JAZZ) atop our annual list of the world's fastest-growing public companies, with three-year average revenue and profit growth of 68% and 279%, respectively. So I was curious to see how Jazz had worked out for Kohlberg Kravis Roberts & Co. (KKR), which led a MOREDan Primack - Aug 29, 2013 12:14 PM ET
Former CIA director joins private equity firm.
FORTUNE -- Former CIA director and retired military general David Petraeus has joined private equity firm Kohlberg Kravis Roberts & Co. (KKR) as chairman of a group that will "study macroeconomic trends and government policies to assess their implications on the firm's investments."
He also will advise KKR's investment teams on due diligence, particularly in emerging markets.
The new effort is called KKR Global Institute, and is MOREDan Primack - May 30, 2013 7:02 AM ET
Merging Saks with Neiman Marcus may make sense, but it won't be easy.
FORTUNE -- Kohlberg Kravis Roberts (KKR) reportedly is considering a massive luxury retail consolidation move: Buying both Saks Inc. (which just went on the block) and Neiman Marcus (being sold by a PE group that includes TPG, Warburg Pincus, Leonard Green and Credit Suisse) -- and then merging the two companies together.
To be sure, there are some good MOREDan Primack - May 23, 2013 10:58 AM ET
Big private equity firms are offering diversified products, but one size may not fit all investors.
FORTUNE -- One year ago I recommended that you buy stock in publicly-traded private equity firms, like Apollo Global Management (APO) and The Carlyle Group (CG). My theory was that such issuers were being undervalued by analysts who obsessed over assets under management (i.e., fund management fees), while paying too little attention to underlying portfolio MOREDan Primack - Apr 29, 2013 2:26 PM ET
A private equity firm by any other name..
FORTUNE -- Henry Kravis wants institutional investors to know he runs a private equity firm. That may sound obvious to those with even a fleeting knowledge of Kohlberg Kravis Roberts & Co. (KKR), which Kravis co-founded 37 years ago, but it really is a subtle dig at rival The Blackstone Group (BX).
Speaking this morning at the SuperReturn International conference in Berlin, Kravis said the MOREDan Primack - Feb 28, 2013 4:13 AM ET
KKR threads the needle on controversial environmental issue.
FORTUNE -- Henry Kravis, co-founding CEO of Kohlberg Kravis Roberts & Co. (KKR), says that his firm is focused on both shale gas investments and environmental issues -- and doesn't see any conflict between the two.
KKR has invested heavily in fracking, a natural gas and petroleum extraction technique that uses highly-pressurized liquid to create fractures in sedimentary rock layers (i.e., shale) that sometimes can MOREDan Primack - Feb 28, 2013 3:33 AM ET
Carlyle's earnings miss aside, it's been quite a run for listed private equity firms.
FORTUNE -- Private equity firm shares have been on a year-long tear, even though yesterday's headlines were about declines caused by The Carlyle Group's (CG) earnings miss. Makes me feel much better about my advice last May, which was the only time I've even flirted with the hazardous world of stock-picking:
I think there's potential upside to private MOREDan Primack - Feb 22, 2013 11:56 AM ET
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