Goldman Sachs Exchanges KKR’s Henry Kravis on private equity, culture, and global markets
56 snips
Jan 5, 2024 Henry Kravis, co-founder and co-executive chairman of KKR, discusses the evolution of the private equity industry, investing in downturns and creating value in companies, KKR's deal making and reputation, misconceptions and evolving models in private equity, philanthropy and supporting underprivileged students, and passing on values to the next generation.
AI Snips
Chapters
Transcript
Episode notes
KKR's Humble Beginnings
- Henry Kravis co-founded KKR with George Roberts and Jerry Kohlberg in 1976 with only $120,000.
- Their initial goal was simply to survive for five years and complete a couple of deals.
KKR's Expansion Beyond Private Equity
- KKR, initially focused solely on private equity, has evolved into a diverse alternative investment manager.
- It now offers over 40 products across various asset classes like credit, real estate, infrastructure, and more.
Early Private Equity Focus
- Early private equity's focus was improving poorly run companies by aligning management and shareholder interests.
- KKR incentivized management with ownership, leading to better capital allocation and operational efficiency.