Henry R. Kravis Named Chairman of Sponsors for Educational Opportunity

  Henry R. Kravis Named Chairman of Sponsors for Educational Opportunity

Business Wire

NEW YORK -- January 27, 2014

Sponsors for Educational Opportunity (SEO) today announced that  business
leader and philanthropist Henry Kravis, Co-Chairman and Co-CEO of KKR, has
been elected Chairman of the board of directors of SEO, effective January
2014.

Henry Kravis, Co-Chairman and Co-CEO of KKR (Photo: Business Wire)

Henry Kravis, Co-Chairman and Co-CEO of KKR (Photo: Business Wire)

Mr. Kravis has been involved with the New York City-based organization for
five years but one SEO program in particular—SEO Scholars—played a key role in
his decision to chair the board.

SEO Scholars is an eight-year academic program that prepares low-income public
high school students for admission to the nation’s most competitive
colleges—and supports them through college graduation.

“We’re thrilled to have Henry Kravis’ leadership to expand SEO Scholars and
help more low-income students break the cycle of poverty by obtaining a
college degree,” said William Goodloe, SEO’s president & CEO. “He is deeply
committed to the often-neglected students that SEO Scholars serves: those who
are motivated to come to high school every day and wish to attend college. By
providing intense support from 9^th grade through college graduation to these
students, there is a tremendous opportunity to transform not only individual
lives and families, but also entire communities.”

Every student in SEO Scholars is accepted to a four-year college; 95% go on to
graduate from college in six years and 80% graduate in four years. While in
college, students receive ongoing one-on-one academic advising, personal
support and career guidance. In high school, students in the program attend
over 720 hours of Saturday, summer and after-school classes in reading,
writing, grammar, vocabulary, and math.

Mr. Kravis, Co-Chairman and Co-CEO of KKR, stated: “SEO Scholars is a stellar
model of what works, and it’s ready for expansion. The program’s nearly 100%
college graduation rate is an incredible record of success. I look forward to
helping advance its mission of ensuring that motivated, low-income students
can succeed at four-year colleges.”

“Students who participate in SEO Scholars increase their performance on
standardized tests substantially and, in effect, eliminate the Black-White and
Hispanic-White achievement gaps,” said Michael Osheowitz, founder and chairman
emeritus of SEO. “To have Henry Kravis as SEO’s board Chair will enable SEO
Scholars to close the achievement gap for thousands more low-income students.”

Mr. Kravis has become increasingly involved with SEO since KKR became a
founding partner of the SEO Alternative Investments fellowship program in
2009. He hosts an annual breakfast seminar for SEO Career interns and, in
2013, he and his wife Marie-Josée Kravis made a $4 million gift to SEO
Scholars which will go toward doubling the number of incoming students served
in the program.

“I could not think of a better person to succeed me in the role of chairman,”
noted outgoing Chairman Walter Booker. An SEO Career alumnus, Mr. Booker held
the position of Chairman for the past 18 years. He said, “Henry Kravis is
passionate about education, the New York community and our impactful work, and
his leadership is certain to make a tremendous difference.”

Henry Kravis will be the third chairman in SEO’s history, following Michael
Osheowitz and Walter Booker.

ABOUT SPONSORS FOR EDUCATIONAL OPPORTUNITY (SEO)

SEO was founded in 1963 with a mission to provide talented and motivated young
people from underserved and underrepresented communities with access to
superior educational and career opportunities. Today, SEO runs three programs:
SEO Scholars is an eight-year academic program that prepares low-income public
high school students for admission to the nation’s most competitive
colleges—and supports them through college graduation; SEO Career is the
nation’s premier summer internship and training program for underrepresented
college students, specializing in banking, corporate leadership, law, private
equity and non-profit; SEO Alternative Investments provides education,
exposure, training and mentoring opportunities to talented professionals
traditionally underrepresented in the alternative investments sector.

ABOUT HENRY R. KRAVIS

Henry Kravis co-founded KKR in 1976 and is Co-Chairman and Co-Chief Executive
Officer. Mr. Kravis currently serves on the boards of First Data Corporation
and China International Capital Corporation Limited. Mr. Kravis is actively
involved in the New York Community. In 1996, he established the New York City
Investment Fund (now known as the Partnership Fund for New York City), a
non-profit organization that works to create jobs and help small businesses in
New York City. In 2011, he donated $100 million to Columbia Business School to
fund the building of a learning center for entrepreneurs at the Manhattanville
campus. He also serves as a director, chairman emeritus or trustee of several
cultural, professional, and educational institutions, including Sponsors for
Educational Opportunity, The Business Council, Claremont McKenna College,
Columbia Business School, Mount Sinai Hospital, the Partnership Fund for New
York City, Partnership for New York City, Rockefeller University, and Tsinghua
University School of Economics and Management. He earned a B.A. from Claremont
McKenna College in 1967 and an M.B.A. from the Columbia Business School in
1969. Mr. Kravis has more than four decades of experience financing,
analyzing, and investing in public and private companies, as well as serving
on the boards of a number of KKR portfolio companies. KKR & Co. L.P. is
publicly traded on the New York Stock Exchange (NYSE:KKR) and "KKR", as used
in this release, includes its subsidiaries, their managed investment funds and
accounts, and/or their affiliated investment vehicles, as appropriate.

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