Alisa Wood, Co-CEO, KKR Private Equity Conglomerate LLC (K-PEC) - innovating in private markets скачать в хорошем качестве

Alisa Wood, Co-CEO, KKR Private Equity Conglomerate LLC (K-PEC) - innovating in private markets

Original Publish Date: April 23, 2025 Today’s episode dives into the details of product innovation in private markets with a private equity veteran who has helped to pioneer a new investment structure and working with the wealth channel. We sat down at KKR’s Hudson Yards office with Alisa Wood, a Partner and Co-CEO of KKR Private Equity Conglomerate LLC (K-PEC). Alisa has been at KKR for over 20 years. She joined the firm in 2003 and is a Partner. She co-leads the firm’s innovative private equity open-ended, perpetual vehicles serving as the Co-CEO of KKR Private Equity Conglomerate LLC and as a member of the investment committee for the KKR Private Markets Equity Fund. She was previously the Global Head of the Private Markets and Real Assets Strategies Group and looked after private equity, infrastructure, energy real assets, real estate, impact, growth equity, and customized products. She sits on a number of the firm’s management and leadership committees, including the Risk & Operating Committee, the Democratized Private Equity Committee, the ESG Committee, and the Geopolitical Governance Committee. Alisa and I had a fascinating and thought-provoking conversation about private markets and working with the wealth channel. We discussed: • Why and how KKR came up with the Conglomerate structure. • Why the devil is in the detail when evaluating evergreen fund structures. • Why dealflow is essential if a firm wants to have an evergreen strategy. • Why education is so critical when working with the wealth channel. • How investors can balance evergreens and closed-end funds. • The skillsets required to manage evergreen structures. • Why culture is so critical when building a high-performing and consistent investment business. • The role that private markets can play in a portfolio and why that matters in today’s markets. Please Subscribe!!! YouTube Videos and Shorts:    / @altgoesmainstreamagm   Subscribe to Alt Goes Mainstream: https://altgoesmainstream.substack.com/ Apple Podcast: https://podcasts.apple.com/us/podcast... Follow Michael on LinkedIn:   / michaelsidgmore   00:00 Introduction and Message from our Sponsor, Ultimus 01:55 Welcome to the Podcast 02:07 Introducing Alisa Wood 03:48 KKR's Office and Culture 05:10 The Importance of Culture and Collaboration at KKR 06:12 Alisa's Early Career in Private Equity 07:02 Evolution of Private Equity 08:41 Strategic Moves in Private Equity 13:02 Managing Evergreen Structures 13:07 Operational Complexity in Evergreen Funds 13:43 Deal Flow and Investment Strategies 19:38 Alignment and Collaboration at KKR 22:29 Evergreen Structures and Institutional Experience 25:35 Sales Cycle and Investor Relations 28:54 Employee Equity and Financial Literacy 31:03 Human Capital and Leadership 31:37 Empathy in Leadership 32:06 Building a Community 32:21 Building Community at Scale 33:07 Understanding Investor Needs 33:17 Facilitating Connections 33:35 Addressing Hard Topics 34:04 KKR's Approach to Community Building 34:23 Evolution of KKR's Business Strategy 35:38 Importance of Learning from Mistakes 37:23 Integrating Macro Perspectives 39:18 Strategic vs. Tactical Approaches 39:38 Innovating Portfolio Construction 40:01 Challenges in Private Markets 42:25 The Role of Evergreen Structures 43:10 Balancing Manager Selection and Scale 46:08 Family-Owned Businesses and Evergreens 49:16 Success in the Wealth Channel 50:50 Investor Psychology and Evergreen Funds 54:00 Growing the Evergreen Business 55:02 Diversification and Accessibility 56:03 Future Innovations in Evergreen Space 56:45 Importance of Education and Community 57:54 Industry-Wide Collaboration 58:51 Educating on Private Markets 01:00:58 Personal Reflections on Private Equity 01:01:42 Real-World Impact of Private Markets 01:02:40 Conclusion and Final Thoughts Editing and post-production work for this episode was provided by The Podcast Consultant. #AltGoesMainstream #michaelsidgmore #alternativeinvestments #finance #wealthmanagement #privatemarkets #ria #marketing #podcasts #funds #portfolio #privateequity #financialmarkets #familyoffice #assetmanagement #KKR