Keep pulling the thread on Philipp Freise.
An investment in Turkey by the speaker's firm resulted in a loss of approximately 500 million.
KKR lost approximately $500 million on an investment in Turkish logistics and shipping company UN Roro.
KKR Europe deployed approximately 40% of its current fund during the COVID-19 pandemic in 2020.
During the COVID-19 pandemic, KKR acquired a 10% stake in Coty and simultaneously bought a majority stake in its subsidiary, Wella.
KKR's European fund is an $8 billion vehicle, making it the largest standalone investment fund in Europe.
There is an estimated $192 trillion in savings held by high-net-worth and individual investors that is currently not invested in alternative assets.
An increase in allocation to alternative investments by individual investors from 1% to 5% would unlock an additional $10 trillion in capital for the asset class.
KKR, Apollo, and other private equity firms are acquiring insurance companies to use their capital float as a source for investments.
KKR Europe's assets under management are expected to double or triple over the next 10 years.
The US dollar will remain the world's primary reserve currency in 10 years.
Europe needs to invest €750-800 billion annually to catch up with global competitors in innovation, AI, defense, and high-tech sectors, an assessment attributed to Mario Draghi.
In many Western countries, interest payments on national debt consume 20-30% of the national budget, exceeding expenditures on healthcare or defense.