How KKR Got Its 1st Dollar | Henry Kravis' War Story
In 1976, Henry Kravis, his cousin George Roberts, and their mentor Jerome Kohlberg left Bear Stearns to strike out on their own, with a bold idea and no guarantee anyone would back it. Kohlberg Kravis Roberts would go on to become one of the most influential firms in private equity, but first, its founders had to convince investors to hand over that very first dollar. In this conversation, Kravis shares the inside story of KKR's earliest days, from the pitch to the partners who took a chance on them, and reveals the one mistake the private equity legend admits he has made not once, but twice.