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“So I'm making the bold prediction that you have just seen three of the incredible winners in the space, but they will be not the norm for whatever comes afterwards.”

“I think Bitcoin will take a larger share as will the Euro, but it's going to be more of a mix.”

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

“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.”

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

“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.”

“I think it's one percent of the 192 trillion are invested in alternatives. If that only goes To five percent you suddenly have 10 trillion dollars.”

“If you ask me will KKR Europe's asset under management, ah, double and triple over the next 10 years, the answer is yes.”

“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.”

“It's too early to tell. I totally, I, well, I think it will. However, productivity gains, which will be extremely beneficiary to the world, don't mean that the challenges I just mentioned will be solved, because there will be this disruption phase where many, …”

“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%.”

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

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

“The US has done by saying 10% of the spend of the Department of Defense needs to go actually in the innovative ecosystem and space the same, right?”

“Short answer to your question is, yes innovation, what, you know, what you know best Is the answer to these problems. But I wouldn't be so negative. They are coming now much faster than some people realize.”

“I do think in 10 years time, the percentage of reserves the US represents will probably have reduced slightly.”

“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.”

“When the automotive industry is shrinking because of some of the factors you mentioned, those people immediately find jobs in other industries which are growing. Whether that is censors, whether that is defense.”

“If you think about 20, 25, 30% of all of our budgets going to two sources. One, to just serve, serve as the interest of the existing debt stock. It's huge. I mean, in many countries, these are higher expenditures Than our healthcare or defense budgets.”

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

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

“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…”

“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.”

“One of our production companies produced it”