The Ledger
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Freise: KKR Lost Around $500 Million in Turkey
“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.”
Freise: KKR deployed 30-40% of its European fund during COVID
“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.”
Freise: KKR Passed on an Early Investment Opportunity in Alibaba
“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.”
Freise: KKR European PE Avoids Emerging Market Risks
“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.”
Freise: KKR previously failed in an Ethiopian tulip and rose investment
“We tried also Africa, Ethiopia, where we were the largest growers of tulips and roses that didn't work out for similar reasons.”
Freise: KKR turns non-founder portfolio CEOs into equity owners
“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.”
Freise: KKR is the largest investor in its own funds
“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.”
Freise: Vast majority of KKR Europe LP capital comes from US
“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.”
Freise Allocates 30% of His 401(k) to Private Equity
“I do, and I allocate it every year. I'm just a long-term investor, so there's no point in checking it every quarter, but if I check it every five years, and I reallocate it to the same allocation, by the way, I allocate, I think, 30% to my industry, and the re…”