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Who founded Kohlberg & Roberts?
Who founded Kohlberg Kravis Roberts?
Who was the first K in Kohlberg Kravis Roberts?
How did Jerome Kohlberg become the spiritual father of private equity?
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.
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.
- 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.
Jan 14, 2024 · In 1976, Kravis co-founded Kohlberg Kravis Roberts (KKR), a financial juggernaut that would redefine the landscape of private equity.
George Roberts and his cousin Henry Kravis became protégés of Kohlberg at Bear, Stearns, although Roberts relocated to the company's San Francisco office. They conducted 14 buyouts between 1969 and 1975 with generally mediocre results in a time of recession and falling stock prices.
Jan 15, 2024 · Henry R. Kravis is Executive Co-Chair of Kohlberg Kravis Roberts & Company (KKR), a leading global investment firm. Mr. Kravis is actively involved in managing the firm and serves on its investment committees.
Aug 14, 2015 · Jerome Kohlberg's soft approach conflicted with his partners' in the private equity firm he founded, Kohlberg Kravis Roberts, better known as KKR.
