Wednesday, 17 December 2014
Last updated 3 hours ago
Jul 7 2010 | 12:30pm ET
Henry Kravis and George Roberts each earned $22 million last year at Kohlberg Kravis Roberts, the private equity giant they co-founded in 1976.
That is one of the juicy details released in advance of its listing next week on the New York Stock Exchange (Also revealed: KKR spent more than $250,000 on cars and drivers for the two men last year.) Each man will own 13% of KKR after moving its listing from Euronext Amsterdam to New York on July 15. KKR went public last year by reverse-merging with its Amsterdam-listed p.e. fund, and plans to raise up to $500 million through a share sale once the move across the Atlantic is complete.
Kravis and Roberts’ combined stake in KKR will be worth an estimated $1.6 billion. The firm manages some $55 billion.
KKR has been planning a New York listing since the successful floatation of rival Blackstone Group in 2007. But the credit crisis intervened.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.