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A Smiling Sayonara from Private Equity’s Pioneers

The billionaire founders of KKR, America’s first nationally celebrated “private equity” giant, have just announced they’re stepping down as the company’s co-CEOs. Henry Kravis, now 77, and George Roberts, 78, helped found KKR in 1976. They opened up sh…

The billionaire founders of KKR, America’s first nationally celebrated “private equity” giant, have just announced they’re stepping down as the company’s co-CEOs. Henry Kravis, now 77, and George Roberts, 78, helped found KKR in 1976. They opened up shop with $120,000 in capital to invest. Their KKR portfolio currently holds assets valued not all that More

The post A Smiling Sayonara from Private Equity’s Pioneers appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Sam Pizzigati.


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