National Conference on Public Employee Retirement Systems

The Voice for Public Pensions

KKR





KKR
9 West 57th Street
Suite 4200
New York, NY 10019
+1 (212) 750-8300


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KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds.

KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. For additional information about KKR & Co. Inc. (NYSE:KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.


The End of the Beginning

Our third note in this new post-COVID world in which we find ourselves, we take a step back to consider where we are in the cycle and where we see the need to adjust our forecasts, including our GDP and earnings estimates as well as forward-looking expected investment returns Our bottom line: While the savings rate has exploded higher, structural impairments to the economy, combined with high unemployment levels and a concerning rise in active COVID cases in multiple U.S. states, suggest to us that we will see a square root-shaped recovery, rather than a V-shaped one, as we head into 2021.

To read the full article: https://www.kkr.com/global-perspectives/publications/the-end-of-the-beginning