Billionaire Kravis Fund Seen Having $35 Million for NYC Jobs

Henry Kravis, the billionaire co-founder of KKR & Co., the buyout firm that manages $66 billion in assets, knows a thing or two about disaster recovery. Following the terrorist attacks of Sept. 11, he helped secure interest-free loans for 89 damaged businesses so they could re-open.

Now, days after Hurricane Sandy wreaked economic havoc in New York and the surrounding states, the 68-year-old is already thinking about how to support future infrastructure that can withstand similar disasters. Through the Partnership for New York City Fund, which he created in 1996, Kravis wants to help fund businesses that strengthen and diversify the city’s economy.