The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 63 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 3 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Blackstone, Blue Owl, KKR, and Apollo have hundreds serving wealth
“Blackstone has a team of hundreds of people. Blue Owl, hundreds of people, KKR, Apollo, hundreds of people to serve the Wealth Channel.”
Hillman Company anchored Kleiner Perkins Fund 1 and KKR Fund 1
“The 19 seventies venture finally began to take form, and Henry Hillman and my father were anchor investors in Kleiner Perkins Fund One, and a few years later in KKR Fund One.”
Page: KKR's RJR buyout created continuous capital structure pricing dislocations
“When RJR was acquired by KKR, literally one of the largest LBOs at the time, they had one of the most complex capital structures that I had ever seen. It was filled with subordinated debt and paying kind bonds. It was a huge structure and a relatively small ma…”
Bain, KKR, Merrill Lynch, and Frist Family Backed HCA Equity
“It was Bain Capital, KKR, Merrill Lynch, and the Frist family speaking for the equity, but then we also needed to figure out how do we fill out north of twenty billion dollars worth of debt that was going to need to be underwritten for this transaction.”
Brown: Top PE firms like KKR and Apollo are tokenizing fund interests
“We're also seeing firms, and most recently KKR just announced this. Apollo also announced one. Hamilton Lane as well. They are tokenizing interests of their funds and putting them on the blockchain.”
Stavros: C.H.I. had 21% EBITDA margins and mid-single-digit growth at acquisition
“The rough economics of CHI overhead doors when we bought it were 20% or so EBITDA margins. I think they were 21% gross margins in the low thirties, solid mid single digit growth. It had been a steady, slow market share gainer.”
Stavros: C.H.I.'s OSHA recordable incident rate was 14 per 100 workers
“The injury recordable incident rate, which is OSHA's key metric of safety, was 14 at the time, so what that means is for every hundred people in the plant, how many people per year were getting hurt? It was 14 out of a hundred per year.”
Stavros: KKR wrote a $250M equity check for C.H.I. Overhead Doors
“Even when we bought this was really a mid-cap deal for us, and we had always had a thought we would start a mid-cap strategy, so we were happy to do it, but this was a two hundred and fifty million dollar equity check, and our fund sizes are many, many billion…”
Stavros: Nucor plant workers made roughly $35k in profit sharing last year
“If you look at their financials, I think their manufacturing plant employees made last year on top of their wages, like 35,000 dollars in profit sharing, a lot of money.”
Stavros: I did four annual shop-floor Kaizen events and toured Toyota plants
“I myself used to do four Kaizen events every year, a week of time working on a shop floor. We would go to Japan for 10 days at a time, and we would have the founders of the Toyota production system take us around to a dozen of the world-class lean plants in th…”
KKR Prepaid for Goldman Sachs Financial Coaching for C.H.I. Workers
“I think we've gotten it right on the back end in terms of when we sold the business, prepaying for financial coaching with Goldman Sachs, prepaying for tax help to make sure people appropriately and timely file their taxes.”
Stavros: C.H.I. Frontline Workers Received $9,000 in Interim Dividends
“Over the years, we paid four dividends. Those dividends amounted to about 9000 dollars per employee.”
Stavros: KKR Rejects Deals Lacking Clear Transformation Catalysts
“The ethos of our strategy in US private equity is around transformations. We're looking for good companies that we can inflect in a meaningful way and transform maybe operationally, maybe through acquisition or growth, maybe strategic repositioning, top gradin…”