When Henry Kravis and George Roberts handed off the day-to-day management of private-equity firm KKR to their successors in 2021, the two billionaires netted shares now worth more than $650 million. The union pension fund’s suit names Kravis and Roberts as defendants alongside current KKR co-Chief Executives Scott Nuttall and Joseph Bae, other board members and the company itself. A …
In a meeting room at the Manhattan headquarters of private equity giant KKR, overlooking Central Park and the Plaza hotel, sits a plaque quoting Machiavelli. When KKR was founded in 1976 by cousins Henry Kravis, George Roberts and their mentor Jerry Kohlberg, the trio sought to upend the corporate finance industry by pioneering what was then known as “bootstrapped acquisitions”, …
