Can Private Equity Survive Without IPOs?

"I do think there will be a transition now where white collar jobs will be impacted."

• Prepare for shifts in workforce needs.
• Reskill teams to leverage AI tools.
• Use AI to enhance productivity and competitiveness.

"There is not one brain which decides. We truly are a partnership."

• Collaborate to enhance decision quality.
• Encourage open challenges within the team.
• Avoid isolated decision-making.

"I do think thematic investing is valid... you need to have a deep thematic..."

• Identify key trends impacting your industry.
• Focus on areas with significant potential.
• Guide decisions using thematic insights.

"You have to go for the long term... endurance is what matters in our industry. You never give up."

• Commit to the long-term vision.
• Persevere through obstacles and setbacks.
• Recognize that success requires time and persistence.

"AI is a fundamental transformation of all the assumptions that we had made around productivity."

• Stay informed about AI developments in your field.
• Be prepared to adapt business models accordingly.
• Embrace AI to gain competitive advantage.

"You have to focus on what you can control."

• Concentrate on your product and customers.
• Avoid being paralyzed by external volatility.
• Leverage internal strengths to make progress.

"The underlying principles of capital allocation has to be very thought through and rational. It hasn't changed."

• Prioritize efficient use of funds.
• Maintain discipline regardless of market hype.
• Focus on long-term sustainability over short-term gains.

"Many people thought at KKR in Europe we were crazy when we leaned in and invested... during COVID... I've learned a long time that you have to focus on what you can control."

• Don’t let fear stop you from seizing opportunities.
• Focus on controllable aspects of your business.
• Crisis times can present unique growth possibilities.

"Rigorous analysis, and you want to reflect your rigorous analysis with as many great minds as you can."

• Base decisions on thorough analysis, not emotions.
• Consult trusted peers for diverse viewpoints.
• Learn from failures without letting them dictate the future.

"As a founder, the investors you choose are so important."

• Investors shape your company’s trajectory.
• Align with those who share your vision and time horizon.
• Choose partners who support you during tough times.