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The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything by Jason Kelly

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Chapter 5

Modern Art

Inside KKR

Ten thousand bucks.

Henry Kravis and his cousin George Roberts each scribbled out a check in that amount, smaller companions to the $100,000 draft their more established colleague, former boss and partner Jerome Kohlberg, had written.

That formed the entirety of the start-up capital for what became Kohlberg Kravis Roberts & Co., known then unofficially, and now officially, as KKR. None of the three men would ever need to put any more money in. The two cousins would become billionaires several times over. Kohlberg would go on to create his own firm the following decade after disagreeing with the cousins on the strategy of the firm. Kohlberg & Co., based in suburban Mt. Kisco, New York, has invested in the likes ...

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