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KKR & Co. (KKR) Presents at 2018 Goldman Sachs U.S. Financial Services Conference (Transcript)

Dec. 04, 2018 9:43 PM ETKKR & Co. Inc. (KKR)
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KKR & Co. (NYSE:KKR) 2018 Goldman Sachs U.S. Financial Services Conference December 4, 2018 2:40 PM ET


Scott Nuttall - Co-President and Co-COO


Alexander Blostein - Goldman Sachs

Alexander Blostein

Okay, great thanks. We are ready to move onto our next presentation of the day. Next up, it's my pleasure to introduce Scott Nuttall, Co President and Co-COO of KKR. 2018 marked milestones for the firm, strong investment performance versus foremost a record $185 dollars in AUM over 20% growth in book value and also considerable milestone with a conversion to C Corp earlier this year. Scott will open up with a couple of slides and then we will jump to questions. Scott?

Scott Nuttall

Great, thank. Thank everybody for being here today. I thought I just set the stage a little bit and talk about our firm and kind what we've been up to and the primary areas of focus. But just a very high level, this is what we look like today, bit over a $100 billion in private markets, bit over 90 billion in public markets across credit and hedge funds, a pretty unique capital markets business, which we will talk about that allows us to syndicate our own and third party debt and equity, and monetize more of everything that we do.

And then another unique aspect of our business model is our balance sheet, which is about 19 billion of total assets, but when you strip out some noise about 13 billion of cash and investments. So if you really look at a very high level 195 billion of AUM in the very lucrative parts of the alternative asset management space and capital markets business in the balance sheet that allows us to grow much more quickly and compound value. This is how our AUM has grown

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