Kohlberg Kravis Roberts

Background The Blackstone Group (Blackstone) is a private equity firm founded in 1985 by two former employees of Lehman Brothers. In May 2007 the firm had $88.4 billion under management and had grown 41% annually since 2001. The firm operated in several business groups but distinguished itself from other firms by extensive collaboration across divisions. It was divided into Corporate Private Equity, Real Estate Funds, Marketable Alternative Asset Management, Corporate Debt Funds, and Advisory Services. In 2007 Blackstone started to evaluate the option of taking the firm public. Reasons why the firm should do an IPO, outlined by the firm’s internal project group, included: • Permanent pool of inexpensive capital and a wider group of investors • Long-term orientation in compensation package to employees • Shares could be used as currency in transactions • The firm would become more reputable • Partners could monetize their ownership in the firm The firm also identified several drawbacks with going public, including: • Quarterly reporting requirements leading to higher costs and more insights in the firm from the market • Risk that the market is unable to tolerate the variation of earnings in the firm due to long-term focused investments • Changing the firm’s structure and compensation system from a partnership to a corporation includes several challenges In 2007 the firm announced that it will go public and I will in the following five sections…

As Chairman and Chief Executive Officer at Saratoga Investment Corp., a publicly traded business development company, Chris Oberbeck brings over 25 years of experience in leveraged finance, from distressed debt to private equity, to the position. Mr. Oberbeck’s wealth of experience stems from originating, structuring, negotiating, consummating, managing and monitoring investments in a wide variety of middle-market businesses. In addition to his aforementioned roles, Mr. Oberbeck is the…

1. Henry Kravis is a successful businessman and an American billionaire. He is a cofounder of firm Kohlberg Kravis Roberts (KKR), a private equity firm with about $94.3 billion in asset in 2013. (Wikipedia) He was born in 1944 and his father was a successful petroleum engineer. He studied economics, moved to New York, and worked in finance field. He went back to school in 1967 and enrolled in Columbia’s MBA program. He began to join partners at Bear Steams with his cousin George Roberts in the…

Swiss born psychologist and philosopher, Jean Piaget is considered to be a pioneering genius in the field of developmental psychology, Not only did he make vast improvements in the treatment of patients with mental disorders, he has revolutionized how child development is viewed along with teaching, and learning itself. Born in 1896 to a professor and a domestic engineer, Piaget had a quite a fierce fascination with Biology as a child, and spent many a days at the national museum of natural…

108). Dave would curl up in the opposite corner of the bathroom, as far away from the bucket as he could get. He would get a clean rag and cover his face, but not before wetting it in the toilet water (Pelzer, 1995). As the fumes inched closer to him, Dave remembered there was a heating vent on the floor that would turn on every few minutes. When this happened, Dave would put his face next to the vent and breathe in as much air as he could (Pelzer, 1995). Without the concrete operational stage…

Jean Piaget’s theory is very interesting. The cognitive development is all the mental activities. The thinking, knowing, remembering, and communicating. Jeans studies made him believe that a child’s mind grows in stages. The older we get the more our brains develop. Our intellectual progression has to do with all of our experiences we have in our life time. We have schemas as out brain is maturing. Where we have experiences where we use and adjust to these schemas. They change a lot the older we…

Mikayla Prettyman Reflection 6 Piaget's Theory In piaget's theory there are four stages of cognitive development that the brain goes through from birth to adulthood. The four stages are sensorimotor, preoperational, concrete operational, and formal operational. The first stage sensorimotor is from birth to about the age of 2. Babies take in the world through their senses which is hearing, touching, mouthing, and grasping. Young babies live in the present “out of sight out of mind”. If you show a…

He outlined stages that a person pass through as their morals and reasoning change. During childhood, a child is in the first stage of preconventional morality. According to Robert Feldman (2015), “the main considerations are the avoidance of punishment and the desire for rewards.” Moral reasoning is based on the idea that if one does what they are supposed to do, they will avoid any consequences. David’s morals are clearly within the first stage of preconventional morality. In this stage, a…

initiative versus guilt. She makes a lot of decisions for herself such as, who she plays with and what activities they play. For example, she was telling me about all her friends at school and how she has “boyfriends” at school. She chooses who she interacts with at school. Also, on the first day I observed her the neighbor kids were over. She would only interact with the male friend and not girl. Who she decides to play with and interact with in her life helps determine her sense of initiative…

Joan Piaget was the man who helped a lot to the world of psychology and sociology. One of the most important things that he made was to create the fact that the cognitive processes of kids are not only undeveloped versions of that of an adult, but that they have their own system. Piaget derive that there are four different stages in the child cognitive development of children. These four stages are: 1-Sensory Motor Stage that occurs in kids from births to two years old. 2-Preoperational that…