Welcome back to another special edition of exchanges at Goldman Sachs Great Investors.

I'm Allison Mass Chairman of the Investment Banking Division at Goldman Sachs and your host for today's episode. Today I'm really thrilled to be joined by Pete Stavros who's a partner

and co-head of America's private equity at KKR. Pete joined KK. in 2005 and covers investment strategies across traditional large

and mid-cap private equity, core private equity, and growth equity.

Pete also launched Ownership Works, a non- nonprofit that's focused on broadening corporate

ownership to help working families build wealth. We'll be discussing Pete's

career in private equity, his views on the economy and investment landscape and his efforts to enhance the

financial resilience of the workforce.

So Pete, welcome to the program.

Thank you for having me.

I'm honored to be here.

So I want to start with your background.

You grew up in Chicago as a son of a

road grader and was the first in your family to go to college. So how did your early

experiences shape your work ethic and more broadly your approach to investing.

Well on the work ethic side I think it was just observing my parents work incredibly

hard to pull themselves up by their bootstrap so So my folks didn't go to college.

My mom was a secretary.

My dad, as you noted, worked for a construction company.

And they worked all the time.

My dad really worked a second job rehabbing old apartments

so he would leave at 4.30 in the morning drive to the job site, work all day, come home, get a bite to eat and then he was working at night.

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