KKR

“He he's just such a deep, long-term thinker, and like, you know, we're talking like long-term for like decades, you know, he's not talking like next five years, he's talking like next 30 years, and how this can evolve in the next 30 years”

“KKR owns Cyrus one, Blackstone owns QTS, fantastic investments. There's gonna be huge money-making investments for those firms.”

“And, but you know, going back to that Darktrace round that KKR did, four million a month, so forty-eight million annualized, four hundred million dollar post, not pre-post.”

“By the way, the Delta was, they'd gone from about a million a month at that point to about four million a month. So it was like super exponential growth in those early days.”

“My space company in Bremen, which is OHP, we just did that investment. That's going to be a big winner given everything's going on.”

“We ourselves became owners of a five billion pool that had been valued at one and that became 10 and that's now 30. So we are actually the largest investor in our own things.”

“It's a common misunderstanding that my industry is sleepy, boring, and just You know, aiming for those doubles over five years. If we do that, we don't do our job, really.”

“The only investment in 2009 we made was BMG.”

“And quite frankly, we have so much going on in Western Europe. We just don't take the risk. We stay close to what we can control.”

“I don't think that the DNA of KKR and of other later stage firms. It extends to what Insight does or what growth funds do. It will never extend to venture because it's a different skill set. It's a very different skill set.”

“When I did the BMG deal, that was a one and a half billion deal for a 50% stake In that music company, you fast forward 10 years, and we had a ten billion deal to buy half of Axel Springer, which again was a fifty-fifty deal with the family.”

“So Europe for KKR is an eight billion dollar fund. It's the largest standalone investment fund in Europe.”

“Yes, of course we need a European SEC. Yes, of course we need A bit more of one pan-European place where people can go public. It's extremely important.”

“Many people thought at KKR in Europe we were crazy when we leaned in and invested, I think a third, if not 40% of our current fund during COVID.”

“Torsten is, is the best, but in five years time, we look back and say, of course, Torsten couldn't have done it all by himself. There will be more, there will be others.”

“In a fund of eight billion, typically you have around 15 investments, ok?”

“Over the last 15 years, only 15% of our exits were actually IPOs.”

“The party that was celebrated in 21, 22, in terms of the velocity of fundraising and investing was absolutely artificial, inflated, and not sustainable.”

“We are the largest owner of fertility clinics in Europe, ok?”

“The large majority is, is America. You have some pockets in Europe, like Holland and Norway that are very strong. The Middle East is incredibly innovative and takes a large chunk.”

“We have six hundred seventy billion under management now. This number will go up massively, but what I want to see, I think historically the kind of individual retail type, broad based investor base is roughly 20%, maybe 30%. I want to see that to go to 50%.”

“In Turkey, I think we lost around five hundred million. What we didn't see was rule of law was a bit of a flexible concept there.”

“One of our production companies produced it”

“We tried also Africa, Ethiopia, where we were the largest growers of tulips and roses that didn't work out for similar reasons.”

“To have discipline, even in those times, yes, you want to deploy when there is incredible opportunity, but you need to set yourself Limits, right? There's just limits of how much you invest in a year, how many different types of in the theme things you back, b…”

“I was the first institutional investor through the door. I just didn't have the fun to invest.”

“So we are absolutely rock solid you know, disciplined on this. You wouldn't, normally you don't do more than 10% of one fund. You know, I think in terms of underwriting, the absolute maximum is 15%, but it's in that range.”

“In the last 1015 years, Three quarters of all the investments we have made are partnerships.”

“We making those entrepreneurs that are in there or these CEOs or these families, we make them Owners again, right? Because many of them weren't originally the founders of these companies.”

“So basically we Apollo and others have now taken under our wings insurance companies that provide all this liquidity.”

“I think the industry is big. Everybody has its place. I have done venture myself to know that it's an entirely different you know, skill set, so I'm not worried about it.”

“On average it's like, 400 to six hundred million.”

“Always do, but it's more like 10, 15% of the fund. So you would, of eight billion, you would retain, let's say, a billion or so as a reserve, because we do not need as much capital for follow-on rounds, because this is, you know, in terms of the maturity of th…”

“We literally at KKR had the chance to invest in Alibaba a long time ago, and that came on my desk, and I said no.”

“Carlisle and KKR, where they own all the economics, they roughly trade market cap, 20% of AUM.”

“I think it's probably a good time to be in the LBO business. I think it's probably a good time to be in the Toma Bravo Vista Blackstone KKR business. There will be homes for a lot of those companies, you know, who get themselves to a sustainable place and they…”

“When we were private from 2011, when we started the business to 2018, when KKR invested and we got our first three person board, I didn't have a board.”