Kohlberg Kravis Roberts & Co.'s management held a conference call Monday morning laying out details for its decision to
list on the NYSE through a share swap with its publicly listed leveraged buyout fund KKR Private Equity Investors. On the call, co-founder Henry Kravis spoke about KKR's history and future plans for the firm.
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Currently, "we operate in three businesses: private equity, fixed
income and capital markets," said Kravis. He went on to say that KKR's
long-term strategy includes taking advantage of
significant "opportunities for expansion into infrastructure,
mezzanine,
real estate and public equities."
KKR is currently investing out of three active funds, and over the life
of firm "we've turned $23 billion of capital into $69 billion of
value. ... In 32 years we've never had a negative returning fund."
Additionally, in what may be an effort to deflect criticism from the
Service Employees International Union, Kravis mentioned that the firm's profits are a large part of how
teachers and other pension funds grow their assets.
- George WhiteSee Dealscape post on KKR deal
