KKR Co-CEOs Following Berkshire Model With Private Equity Bets
- Firm sees $300 million of dividends in strategic unit by 2026
- Co-CEO Bae sees ‘power of long-term ownership of assets’
This article is for subscribers only.
KKR & Co. Co-Chief Executive Officers Joe Bae and Scott Nuttall are taking a cue from Berkshire Hathaway Inc.’s business model by betting big on long-term private equity ownership and the ensuing dividends.
The firm’s strategic holdings unit — which it created to hold 19 long-term private equity investments — is expected to kick off more than $300 million of dividends by 2026 and double that number by 2028, Bae said in a Bloomberg Television interview Thursday at the firm’s New York headquarters.