One More Thought: End of a Private Equity Era

The video discusses the transition of leadership at KKR, a major private equity firm, as co-CEOs step down, following a trend in the industry. It highlights the origins of KKR, founded by Henry Kravis and George Roberts, and their significant impact on Wall Street, particularly with the RJR Nabisco deal. The video also covers KKR's growth into a mainstream entity managing $430 billion in assets. The new co-CEOs, Jobey and Scott Nuttall, are tasked with continuing KKR's legacy, with advice from Kravis emphasizing the importance of embracing change.

How did the assets managed by KKR change from its inception to the present?

What does George Roberts suggest about teamwork in the context of their business?