KKR steps in as banks step back

"If you ask who the new Goldman Sachses are going to be, you can see it already," says Trilantic Capital's Jon Mattson. "KKR is much more of a merchant bank ... They are doing what investment banks in the U.S. did 30 years ago."

Once the dominant name in P-E, KKR has been slower than competitor Blackstone to branch out into new businesses, but Henry Kravis and George Roberts - each 70 years old - are busy transforming the company into a credit player that can act as a lender, investor, and syndicator all at the same time - i.e. Goldman Sachs minus the sales/trading.

“Our balance sheet gives us that extra firepower,” says Kravis. “We can provide almost any kind of debt product that a company may need. We can provide equity, and we can take minority or majority positions in a company ... I think we're in the 2nd or 3rd inning ... I'm working harder today than I've ever worked in my life."

Full Bloomberg article

From other sites
Comments (1)
  • arthur_bishop1972
    , contributor
    Comments (4452) | Send Message
    70 years old and working harder than he ever has???


    Wish he would have worked less harder on acquiring KFN and left it alone. But....since they did swallow KFN...i want him working harder than ever to continue to lift the pps and increase the distribution (current 7%+)


    Disc: I don't currently own shares but one of my clients does
    17 Jun 2014, 11:21 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs