KKR sounds major market warning
Scott Nuttall, head of global capital and asset management at KKR, had a stark warning for Wall Street analysts during his firm's Q1 earnings call:
We are late cycle.
Nuttall added that this sentiment is why KKR has become a net seller in the U.S. and Europe. The one geographic exception for KKR is Asia, particularly when it comes to corporate carve-outs in Japan.