KKR Blog

In some countries, cars have warnings on their side mirrors: Objects may be closer than they appear. We believe that the high yield bond market may be cheaper on a risk-adjusted basis than it currently appears, too. High yield option-adjusted spreads were at 450 basis points as of April 30, 2023, which is wider than on 61% of the trading days o...

The syndicated debt markets are open for very large companies―a $5.5 billion financing of a $14 billion buyout that priced this month proves it. We think that is good news both for credit markets and for those seeking capital. However, our analysis of the few large syndicated LBO deals this year suggests that the market is only open for...

Aidan Corcoran, who heads our European macro effort, and I recently spent time traveling across Europe, with informative stops in Frankfurt and London. If there is one take-away that resonated for us after all of our meetings, it can be summed in the quote often attributed to Mark Twain that the “reports of my death are greatly exaggerated”. ...

I recently traveled in Japan and China with Frances Lim, who heads up our macro effort across all of Asia. During the trip, we spent time with our KKR colleagues across Private Equity, Growth Equity, Real Estate, Credit, and infrastructure, and our own Global Macro team, including Changchun Hua and Allen Liu in Beijing. We also met with governmen...