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KKR was founded in 1976 by Jerome Kohlberg Jr., and cousins Henry Kravis and George R. Roberts, all of whom had previously worked together at Bear Stearns, where they completed some of the earliest leveraged buyout transactions.
In 1977, the company's first year, we acquired three companies, all of which yielded high returns. We focused on making the companies better. We eventually raised our first institutional fund in 1978 ("the 1976 fund"). We raised $35 million for the fund.
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Henry Kravis was born on Jan. 6, 1944, in Tulsa, Oklahoma. His father, Raymond Kravis, was a successful oil and gas consultant who served as an advisor to Joseph P. Kennedy Sr., the father of President John F. Kennedy. Kravis earned a bachelor's degree from Claremont McKenna College in 1967, and an MBA from Columbia University in 1969.
Henry Kravis began his career at the Wall Street investment firm, Bear Stearnsalongside his cousin George Roberts. Both men worked under Jerome Kohlberg, Jr., the corporate finance manager, where they learned “bootstrap” acquisition, a strategy now known today as a leveraged buyout. Kohlberg sought out undervalued small companies and helped the bus...
The objective of KKR in 1976 was to create and manage private equity funds that borrowed money to acquire underperforming businesses. These businesses would be improved and sold at a profit. Over the years, KKR has acquired and invested in a multitude of businesses including its acquisition of RJR Nabisco for $25 billion. The company holds investme...
Henry Kravis is an American investor and billionaire whose success was built through leveraged buyouts. He co-founded KKR in 1976 and serves as its Co-Executive Chairman.
He is a co-founder of KKR & Co. Inc. His lavish lifestyle has been criticized by activists looking to reform private equity regulations and restrict the practice of leveraged buyouts he pioneered. [2] [3] His buyout of RJR Nabisco was portrayed in the 1989 book and 1993 film Barbarians at the Gate.
Oct 1, 2024 · Henry Kravis, Co-Founder and Co-Executive Chairman of KKR, pioneered the private equity industry, transforming how private companies are managed and how corporate value can be unlocked.
Aug 14, 2015 · Jerome Kohlberg's soft approach conflicted with his partners' in the private equity firm he founded, Kohlberg Kravis Roberts, better known as KKR.
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Henry Kravis cofounded KKR with his cousin, George Roberts, and Jerome Kohlberg (d. 2015) in 1976. Kravis and Roberts gave up their co-CEO titles in 2021; both now serve as executive co-chairs.
