Improving Market Conditions and Full Ownership of Global Atlantic Will Lift KKR's Fortunes
KKR has built a solid position in the alternative-asset management industry, using its reputation, broad product portfolio, investment performance track record, and a cadre of dedicated professionals to not only raise capital but to maintain its reputation as one of the go-to firms for institutional and high-net-worth investors looking for exposure to alternative assets. Unlike the more traditional asset managers, which have had to rely on investor inaction (driven by either good fund performance or investor inertia/uncertainty) to keep annual redemption rates low, the products offered by alternative asset managers can have lockup periods attached to them, which prevent investors from redeeming part or all their investment for a prolonged period.