Corner of Berkshire & Fairfax Message Board

General Category => General Discussion => Topic started by: Parsad on December 10, 2009, 11:25:35 PM

Title: KKR: Omaha on the Hudson
Post by: Parsad on December 10, 2009, 11:25:35 PM
Good article on KKR, with praise for Berkshire from Henry Kravis, and how KKR will change its operations going forward.  Cheers!

http://www.businessweek.com/magazine/content/09_51/b4160038935523.htm
Title: Re: KKR: Omaha on the Hudson
Post by: Liberty on March 13, 2019, 09:39:41 AM
Writeup on KKR:

http://yetanothervalueblog.com/2019/03/kkr-is-too-cheap.html
Title: Re: KKR: Omaha on the Hudson
Post by: StockDuck13 on March 14, 2019, 10:03:54 AM
KKR was a new holding for Greenhaven. 2018 Q4 below:

https://static1.squarespace.com/static/5498841ce4b0311b8ddc012b/t/5c4bc50842bfc120277fb927/1548469513395/Greenhaven+2018+Q4+FINAL.pdf (https://static1.squarespace.com/static/5498841ce4b0311b8ddc012b/t/5c4bc50842bfc120277fb927/1548469513395/Greenhaven+2018+Q4+FINAL.pdf)
Title: Re: KKR: Omaha on the Hudson
Post by: ValueMaven on March 17, 2019, 10:54:23 AM
Stock is interesting below $20 in a market pull-back
Title: Re: KKR: Omaha on the Hudson
Post by: Shooter MacGavin on April 13, 2019, 02:38:42 PM
Stock is interesting below $20 in a market pull-back

The accounting here is very confusing and the filings/IR don't seem to help. But maybe it's because I'm new to the PE / Asset manager industry.

Is the realized performance fee income they show in their investor deck and filings net of what has previously already been accrued and expensed (unrealized carry assets and accrued liabilities on the balance sheet?).  Or do they need give 40% away on the realized portion in comp?  I would think the former since they have a large accrual expense for carry every period that sits on the balance sheet.

Also what is the purpose of the after-tax distributable earnings?  That doesn't seem to be a useful "earnings" metric to me.  The "realized income" as a revenue item seems a bit confusing to me.  Isn' that just a gain on sale?  How do the earnings from their PE investments flow through the P&L? Is that through the "realized income" section? 


Help!  Thank you.

 
Title: Re: KKR: Omaha on the Hudson
Post by: investmd on April 14, 2019, 06:29:31 AM
Good article on KKR, with praise for Berkshire from Henry Kravis, and how KKR will change its operations going forward.  Cheers!

http://www.businessweek.com/magazine/content/09_51/b4160038935523.htm

This link is not active. Could you pls repost. thanks
Title: Re: KKR: Omaha on the Hudson
Post by: wisowis on April 14, 2019, 06:49:28 AM
Good article on KKR, with praise for Berkshire from Henry Kravis, and how KKR will change its operations going forward.  Cheers!

http://www.businessweek.com/magazine/content/09_51/b4160038935523.htm

This link is not active. Could you pls repost. thanks

https://web.archive.org/web/20160107072422/https://www.bloomberg.com/bw/magazine/content/09_51/b4160038935523.htm