Bloomberg Surveillance · Saturday, September 19, 2026
Henry McVeigh of KKR emphasizes that private equity is predicated on an illiquidity premium and is best suited for long-term investors, with horizons typically between five and ten years. He explains that private equity aims to generate alpha through operational improvements and by leveraging KKR's network to share best practices, ultimately compounding wealth for owners.
“Well, ultimately, I think if you believe in compounding, which we think is the eighth wonder of the world, That's what private equity does.”
“The second big point is that it actually lends itself to operational improvements and companies making them better.”
“You're not buying beta of the market. You're actually buying alpha that's generated by making companies better.”
“Private equity is predicated on an illiquidity premium.”