private wealth

“There's a 150 trillion dollars in private wealth of assets under management. Two percent of that gets allocated to private equity or private capital. That's three trillion.”

“I think the number is 40 trillion dollars from private wealth is going to be effect to become institutionalized over the next 10 years.”

“Every one percent asset allocation shift would equate to approximately five hundred billion dollars of new investments.”

“Every one percent asset allocation shift would equate to approximately five hundred billion dollars of new investments.”

“The demand from private wealth will be the fastest growing source of capital into alternatives for the foreseeable future.”

“To be able to complement that with credit exposures that were less liquid, that had higher credit risk, or a shorter duration through their floating rate characteristics, was a nice offset and balance to what was in the traditional fixed income portfolios, and…”

“So KKR went from no one in private wealth to a team of 250 reps.”

“The private wealth channel is a whole different distribution mechanism. What those two things have in common is they benefit the largest firms. They don't benefit the middle market player. So the middle market, you have contraction, and then you have expansion…”