KKR CFO Sees 'Compelling' Case for Private Credit
Спикеры
Rob Lewin
— Глава цифрового направления, Fidelity International
KKR CFO Rob Lewin defends private credit as a compelling asset class despite recent outflows and noise, citing widened spreads and strong institutional demand. He also addresses KKR's stock price disconnect, highlighting strong fundamentals and buybacks.
- KKR's Q1 performance showed strong management fee growth and high earnings.
- Lewin argues private credit remains attractive, especially for institutional investors.
- Spreads in direct lending have widened, creating an entry point.
- KKR is buying back shares and executives are buying stock personally.
- Lewin expects defaults to increase from low levels but sees it as manageable.
- Individual investor allocation to alternatives is expected to grow over time.
- KKR's private wealth products saw net inflows and low redemptions in Q1.
- Middle East investors have not pulled back from KKR despite regional tensions.
Идеи
KKR stock undervalued on fundamentals
KKR's stock is down 19% YTD but the underlying business is strong with management fees up 30%, high fee-related earnings, strong buybacks, and insider buying, so the stock should follow performance.
Private credit is compelling now
Despite recent pullback and noise, private credit remains a compelling asset class, especially for institutional investors entering now as spreads have widened, and KKR sees strong fundraising momentum.
Далее
This Bloomberg Markets video, published May 05, 2026, features Rob Lewin discussing KKR, BIZD. 2 trade ideas extracted by AI with direction and confidence scoring.