Latest news with #ScottNuttall
AU Financial Review
2 days ago
- Business
- AU Financial Review
KKR's CEO on the new rules of private equity (and the next big trends)
Scott Nuttall calls them KKR-isms. Inside what is probably the most iconic private equity firm in the world – the original barbarians at the gate – these are the little sayings that help define a culture. It's one that Nuttall, a 29-year veteran of the company and the co-chief executive of the global firm since October 2021, says is one of its great advantages. Some of the KKR-isms are a little folksy – it's not hard to picture phrases such as 'connect the dots' and 'use the whole brain' written on a motivational posters. And we're pretty sure another saying – 'treat people the way you want to be treated' – has been pinched from the Bible.
AU Financial Review
2 days ago
- Business
- AU Financial Review
KKR CEO: Don't believe ‘private equity is dead' narrative
Scott Nuttall, the global co-chief executive of US private equity giant KKR, has dismissed suggestions the sector is facing a reckoning due to falling investor returns and a dearth of deals, but has warned there will be a growing gap between those firms that can manage through higher-for-longer rates and inflation and those that binged on expensive investments during the COVID-19 pandemic. Data released this week by consulting firm Bain & Co showed that after a strong deal activity in the March quarter, deal volumes plunged 24 per cent in April and uncertainty from US President Donald Trump's tariff policy rocked global markets.
Bloomberg
28-05-2025
- Business
- Bloomberg
KKR's Nuttall Open to M&A to Grow Global Atlantic Insurance Arm
KKR & Co. is willing to make acquisitions to help scale its Global Atlantic insurance unit, a key growth area for the alternative asset manager, Co-Chief Executive Officer Scott Nuttall said. 'We're in the market, so we're happy to look,' Nuttall said Wednesday at a financial conference. 'The key for us is making sure we can understand the liability side.'
Time of India
01-05-2025
- Business
- Time of India
KKR looks to deploy $116 billion cash in choppy market after profit boost
Investment giant KKR is ready to put its $116 billion of capital to use as market volatility creates fresh opportunities, it said after posting a nearly 20% jump in first-quarter profit on Thursday. While tariff-driven turbulence has stirred concerns over limited exit opportunities, top KKR executives said its global footprint and asset mix have put it in a better position than expected. The company could pursue asset sales in Asia and Europe, where the impact has been less severe than in the U.S., co-CEO Scott Nuttall said. If firms turn to debt amid equity market turmoil, KKR still stands to gain because of its credit investment arm, he said. The results reflect the structural advantage held by large alternative asset managers, whose diversified portfolios allow them to rely on resilient segments when others face pressure. Live Events KKR's adjusted net income was $1.03 billion for the three months ended March 31. On a per-share basis, it earned $1.15, in line with expectations, according to estimates compiled by LSEG. Fee-related earnings, a key source of stability during heightened market volatility, grew 23% to $822.6 million. Assets under management rose 15% to $664 billion, helped by $31 billion of new capital raised. Shares rose nearly 2% to $116.31. They have fallen 23% this year, compared with a 5% drop in the S&P 500 index. Rivals Blackstone, Apollo Global and Carlyle have dropped 23.6%, 17.4% and 23.5%, respectively. RETAIL OUTREACH KKR is sharpening its focus on retail investors. Earlier this week, the company, along with Capital Group, launched two funds with low fees and minimum investment thresholds, to help retail investors access a blend of public and private credit. "The opportunity is immense. There is a lot more coming attractions," Nuttall said as the company explores similar products in private equity, real estate, and infrastructure spaces. A growing number of asset managers is seeking to tap the vast pool of retail investors, a segment that has so far been largely excluded from alternative assets. KKR's results come weeks after peer Blackstone reported higher-than-expected profit for the first quarter, driven by strength in its private equity and credit businesses. Apollo is set to report on Friday, with Carlyle scheduled for next week.
Yahoo
29-04-2025
- Business
- Yahoo
KKR and Capital Group launch funds targeting blend of private, public credit
(Reuters) - KKR and Capital Group launched two funds on Tuesday, which would allow retail investors to invest in both public and private credit. The funds, Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+, will allocate 60% of their assets to public fixed income and the rest to private credit. Private credit — loans typically made by non-bank institutions — have surged in popularity in recent years as banks retreat from riskier forms of lending. Being relatively insulated from the volatility of public debt markets, private credit can be a crucial source of diversification for investors. So far, however, these assets have mostly been limited to institutional investors. "We are aiming to unlock the benefits of private investments for the 95% of individual investors who have not historically been able to invest in the private markets," KKR co-CEOs Joe Bae and Scott Nuttall said. A report from Moody's earlier this year estimated the private credit market could grow to $3 trillion by 2028. The new funds will allow investments starting at $1,000, lower than the typical minimums for such funds, to attract retail investors. Sign in to access your portfolio
