KKR, which is raising what could be private equity’s biggest long-term fund, views the strategy as key advantage as the market takes on more uncertainty.
Uniquely, KKR uses a large balance sheet to amplify the core PE strategy. Since the close of an inaugural vehicle in 2018 at $8.5 billion, the firm has combined balance sheet capital with third-party capital raised from LPs.
In the process, long-dated assets have emerged as a substantial piece of the balance sheet. In fact, long-term investments were at the end of March the largest allocation, accounting for 30 percent of all balance sheet investments, or $5.5 billion.
Read more: Buyout Insider
