I think KKKAS institution, including the European business, has really spent 20 years learning from dot com great financial crisis, the euro crisis.

It's now a great time to invest in Europe because there's so much change that is happening.

That change cannot be delivered by the public markets.

Welcome to the Money Maes podcast.

I'm Simon Brewer and Will Campion and I have created this show to explore and unravel

some of the mysteries surrounding the investment business.

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When two men met for dinner back in 1976 at the Joe and Rose restaurant in New York,

it was no ordinary dinner. The history books don't reveal what they ate that night, but the main

item on the menu was clear to shake up the world of Wall Street, which first meant ditching

their employer Bear Stearns in order to set up their new business. And that evening, Henry

Kraviss and George Roberts made the decision, along with their boss, Jerome Colberg, to leave

and found Colberg, Kravs and Roberts,

better known as KKR. Within a few years, the first US state public pension fund invested in their

private equity fund, and two years later, KKR raised its first $1 billion institutional fund.

And today, KKR is a listed company. I'm delighted to welcome the co-head of KKR's European private equity business as we complete our series on private equity.

So, Philip Hise, welcome today to the MoneyMays podcast.

Simon, it's a pleasure being here.

Thank you for having me.

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