Oppenheimer Reports on KKR Investor Day

Oppenheimer attended KKR & Co.'s (NYSE: KKR) first investor day and see the company in a positive light.

According to the report, “Management noted that they have generated more private equity realizations ($64 billion) than any other sponsor and that they have generated a 3.3x MoIC and a 19% net IRR since inception. In addition to the fact that the economic environment for PE should be good for the next few years, the company appears to have substantial growth opportunities in Asia and in its public markets business. We continue to recommend the stock.”

KKR has a $19 PT and an Outperform Rating.

KKR closed at $16.59 yesterday.