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History. On May 1, 1976, Henry Kravis and George Roberts co-founded KKR alongside their mentor Jerome Kohlberg with $120,000, launching what we now know as the alternatives industry. Initially only a U.S-focused private equity firm, today we are global, with multiple types of capital that we invest all over the world on behalf of our clients ...
The firm was founded in 1976 by Jerome Kohlberg Jr., and cousins Henry Kravis and George R. Roberts, all of whom had previously worked together at Bear Stearns, where they completed some of the earliest leveraged buyout transactions.
- Early Life and Education
- Bear Stearns
- KKR
- The Bottom Line
Henry Kravis was born on Jan. 6, 1944, in Tulsa, Oklahoma. His father, Raymond Kravis, was a successful oil and gas consultant who served as an advisor to Joseph P. Kennedy Sr., the father of President John F. Kennedy. Kravis earned a bachelor's degree from Claremont McKenna College in 1967, and an MBA from Columbia University in 1969.
Henry Kravis began his career at the Wall Street investment firm, Bear Stearnsalongside his cousin George Roberts. Both men worked under Jerome Kohlberg, Jr., the corporate finance manager, where they learned “bootstrap” acquisition, a strategy now known today as a leveraged buyout. Kohlberg sought out undervalued small companies and helped the bus...
The objective of KKR in 1976 was to create and manage private equity funds that borrowed money to acquire underperforming businesses. These businesses would be improved and sold at a profit. Over the years, KKR has acquired and invested in a multitude of businesses including its acquisition of RJR Nabisco for $25 billion. The company holds investme...
Henry Kravis is an American investor and billionaire whose success was built through leveraged buyouts. He co-founded KKR in 1976 and serves as its Co-Executive Chairman.
Aug 14, 2015 · Having pioneered the original leveraged buyout model (see below), Kohlberg is, as Fortune notes, "the spiritual father" of the $2.6trn modern private equity industry. The novelist Tom Wolfe...
May 6, 2019 · Kohlberg balked at the aggressive model and was pushed out in 1987, and Kravis and Roberts, particularly the former, became synonymous with the buyout era after the publication of Barbarians...
Kohlberg & Company was founded by Jerome Kohlberg Jr., the senior founding partner of Kohlberg Kravis Roberts & Co., and James Kohlberg to concentrate on private equity investments in the middle market.
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Oct 10, 2021 · After nearly half a century in charge, the founders of private equity giant KKR, Henry Kravis and George Roberts, have stepped down as co-CEOs and handed the reins over to Joe Bae and Scott Nuttall. Cousins Kravis and Roberts, who founded KKR (formerly Kohlberg, Kravis, Roberts & Co) with Jerome Kohlberg in 1976, are considered to be among the ...
