KKR Invests in a Slice of Local Pizza Markets

The transcript discusses KKR's investment in Slice, a platform supporting independent pizzerias, and how it competes with larger delivery services like Grubhub. Slice offers a technology platform tailored for pizzerias, providing digital resources at a lower cost. KKR's investment strategy focuses on long-term, category-defining companies, especially during the COVID-19 pandemic, which has highlighted the need for digital solutions. KKR aims to invest in high-growth businesses with strong management teams, leveraging their global platform to support these companies.

What is the primary focus of Slice according to KKR's investment strategy?

• Focusing on independent pizzerias

• Partnering with large pizza franchises

• Competing with Grubhub on a national scale

• Expanding into international markets

How does Slice provide value to independent pizzerias?

• By charging a fraction of the cost compared to Uber

• By providing in-store marketing materials

• By offering franchise opportunities

• By offering free delivery services

What is a key challenge for independent pizzerias that Slice addresses?

• Lack of delivery personnel

• High cost of ingredients

• Competition from fast-food chains

• Limited digital resources

How has the COVID-19 pandemic influenced KKR's investment strategy?

• They are avoiding investments in technology

• They are maintaining their long-term investment thesis

• They are focusing on distressed assets

• They have shifted to short-term investments

What type of companies is KKR looking to invest in during the pandemic?

• Companies with high short-term gains

• Category-defining companies with strong management

• Startups with no prior market presence

• Companies in the retail sector

What is KKR's approach to finding investment opportunities?

• Investing in companies with low valuations

• Focusing solely on technology startups

• Developing long-term relationships with companies

• Relying on banker-led processes

What distinguishes KKR's global platform in supporting growth companies?

• Its focus on retail investments

• Its extensive resources built over 44 years

• Its exclusive partnerships with banks

• Its emphasis on short-term profits