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KKR has made its largest exit from its Strategic Holdings portfolio, representing a significant step towards the firm's ambition of creating a "mini Berkshire Hathaway."
The New York alternatives manager has agreed to sell USI Insurance Services, one of the largest insurance brokerage and consulting firms in the US, to Aon for around $17 billion, the firm announced on Monday.
KKR acquired the Valhalla, New York-based business in 2017 for $4.3 billion. It invested more money in 2020, 2023 and 2025, growing the company through over 90 strategic acquisitions. The exit from Aon represents a 6x return on KKR's original equity and a 3.4x return when accounting for those additional investments.
KKR co-CEO Joseph Bae drew the comparison between Strategic Holdings, which comprises stakes in 18 companies, and Warren Buffett's famous holding company in 2025, at the Bloomberg Invest conference in New York.
#strategic #largest #exit
KKR has made its largest exit from its Strategic Holdings portfolio, representing a significant step towards the firm's ambition of creating a "mini Berkshire Hathaway."
The New York alternatives manager has agreed to sell USI Insurance Services, one of the largest insurance brokerage and consulting firms in the US, to Aon for around $17 billion, the firm announced on Monday.
KKR acquired the Valhalla, New York-based business in 2017 for $4.3 billion. It invested more money in 2020, 2023 and 2025, growing the company through over 90 strategic acquisitions. The exit from Aon represents a 6x return on KKR's original equity and a 3.4x return when accounting for those additional investments.
KKR co-CEO Joseph Bae drew the comparison between Strategic Holdings, which comprises stakes in 18 companies, and Warren Buffett's famous holding company in 2025, at the Bloomberg Invest conference in New York.
#strategic #largest #exit
9 days ago
