EFTA Document EFTA01452576

28 January 2014 Brokers. Asset Managers & Exchanges Alternative Asset Manager Initiation KKR & Co. (KKR)-Balance sheet leverages investing acumen, but adds risk Founded in 1976 by Co-CEOs Henry Kravis & George Roberts, along with Jerome Kohlberg, KKR is a pioneer of the modern private equity firm, starting out as a leveraged buyout shop that grew into core private equity. From an investing perspective, we see KKR's core philosophy as a more traditional fundamental equity investor, with a