KKR - KKR & Co. Follows Berkshire Hathaway
2024-04-19 06:34:43 ET
Summary
- KKR & Co. is a leading alternative asset manager and, arguably, the second most important player in the industry.
- It trades at fair value but forecasts strong growth in management fees, insurance, and new segment Strategic Holdings.
- Strategic Holdings will replicate Berkshire Hathaway's strategy of long-term holding of strong companies. KKR will be the first alt manager to use this strategy.
KKR & Co. (KKR) is a leading alternative asset manager (aka private equity). Many consider it the pioneer of the industry and the second most important player today. Despite posting plenty about alt managers, it is my first on KKR. There is a specific reason for it, as will become clear later. Since KKR is a very complicated company, I do not even hope to cover all the nuances in a single post....
KKR & Co. Follows Berkshire Hathaway