KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. With offices in over 20 cities across 16 countries and 4 continents, KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life, and reinsurance products under the management of The Global Atlantic Financial Group.
As a firm we manage investments across multiple asset classes and as individuals we are encouraged to think creatively to solve problems, explore opportunities, take on new responsibilities and challenges, put our clients first and contribute to our communities. We often measure success over years, not quarters. We value integrity in all that we do, whether it’s presenting numbers accurately or being open and honest with a portfolio company executive. People want to do business with those they like and trust. It’s a mantra instilled in all of us from the top down.
At KKR, we believe that diverse teams increase performance and produce better results. Teams consisting of employees with varied backgrounds and perspectives will help strengthen our Firm and our investment decisions. Therefore, in an effort to enhance the diversity of our organization, we are particularly focused on recruiting talent that will bring different experiences, capabilities, skills and viewpoints to our organization.
KKR's 2023 Summer Analyst Program is an opportunity for you to join a leading global investment firm, during your undergraduate career.
We are recruiting for Summer Analysts for KKR in our New York, Menlo Park, and San Francisco offices across our Capital Markets, Client & Partner Group, Global Impact, Global Macro, Balance Sheet & Risk, Infrastructure, Insurance Strategy & Strategic Finance, Leveraged Credit, Private Credit, Private Equity, and Real Estate teams. While the role will differ slightly across teams, Summer Analysts will be involved in helping identify attractive investment themes and opportunities, synthesizing industry and market data and analyzing potential investments. Following the conclusion of the internship, 2024 full-time offers may be extended to exceptional performers.
Business Descriptions
Capital Markets
KKR Capital Markets (KCM) supports our firm, portfolio companies, and clients by providing tailored capital markets advice and developing and implementing capital solutions for investments and companies seeking financing. The Equity and Debt Capital Markets teams, respectively, within KCM assist our portfolio companies with financing and capital structure improvement. Summer Analysts will have the chance to work with our team to become integral members of the deal process while learning valuable analytical and financial structuring skills across a variety of KKR investments. The Co-Investments & Partnerships Team within KCM works directly with KKR’s investing teams across the firm’s geographies and strategies to raise capital, structure, and execute transactions for the firm. Summer Analysts will work alongside the broader team to cultivate deep relationships with LPs and other investors to help guide their investment teams through co-investment opportunities.
Client & Partner Group
KKR’s Client & Partner Group (“CPG”) consists of experienced professionals with diverse backgrounds dedicated to developing and servicing KKR’s global network of investors and clients.
The Team
Primary Activities
Global Impact
KKR Global Impact is a private equity strategy that scales companies providing commercial solutions to critical global challenges. The team is focused thematically on sectors including climate action, lifelong learning, sustainable living and inclusive growth. Summer Analysts will work closely with the dedicated team to support thesis development, industry research and sourcing while gaining exposure to live deal diligence and portfolio company support. We seek candidates who are highly motivated, intellectually curious, analytical, well-rounded and authentically passionate about impact investing.
Global Macro Balance Sheet and Risk
The Global Macro Balance Sheet and Risk, "GBR", team integrates multiple businesses under one umbrella - Global Macro Asset and Allocation, Balance Sheet, Portfolio Construction and Analytics, Strategic Partnerships, and Derivatives and Liability Management. The ideal candidate works well in a team-driven environment, is highly motivated, intelligent, has sound judgment and has a demonstrated excellence in prior endeavors. They have excellent communication (verbal and written), interpersonal and organizational skills. They are highly analytical and detail oriented, with problem solving capability, have a desire to work in a team environment with dynamic roles and an ability to work independently. They are intellectually curious and have a high level of accountability.
Infrastructure
KKR’s Infrastructure private equity group invests in companies with tangible assets mainly in the Communications, Transportation, and Energy Transition industries, out of a global $17bn fund. The group has team members across the Menlo Park, New York and Houston offices. Summer Analysts will be stepping into to shoes of a full time analyst, performing financial analysis, due diligence, industry research, as well as attending meetings with management teams, among others. The team looks for candidates who are a strong cultural fit, with excellent academic credentials, a passion for investing and an interest in learning about our investing verticals. The role will be based in Menlo Park or New York.
Insurance Strategy & Strategic Finance
The KKR Insurance Team creates differentiated and tailored solutions for KKR’s insurance company clients. KKR has identified the insurance channel as one of its key priorities and growth opportunities, as it seeks to further increase its penetration in the global insurance market. The KKR Insurance Team works across a number of verticals, including Relationship Management, Product & Analytics, and Strategic Initiatives. The Relationship Management team focuses on business development and servicing for KKR's insurance asset management clients. The Product & Analytics team works to provide investment opportunities and insights tailored to Insurance companies. The Strategic Initiatives team focuses on our relationship with Global Atlantic, our majority-owned subsidiary, and other strategy activity in insurance. The summer analyst will have the opportunity to work across the Insurance platform and assist the team in each of these focus areas. The ideal candidate will have a commitment to teamwork and excellence, a strong work ethic and desire to learn and exceptional communication skills.
Leveraged Credit
KKR’s Leveraged Credit platform uses a fundamental, bottoms-up research approach to manage and invest over $45 billion of assets across a variety of asset classes and return profiles. Summer analysts will be engaged in all aspects of the investment process, including but not limited to: idea generation, research and due diligence, financial modeling, and presenting recommendations to the investment committee. A successful candidate will be a self-starting, independent thinker with a strong work ethic and a passion for investing.
Private Credit - Asset Based Finance
Asset-Based Finance focuses on privately originated and negotiated investments with a focus on thematic investing in underserved, hard-to-access, and mispriced assets. We focus on 4 main segments with a multi-asset class approach up and down the capital structure – Mortgage Finance, Renewable Energy, Transportation and Consumer/Esoteric. We would look for our summer analyst(s) to plug directly into deal teams, supporting other team members on new deal underwriting & execution along with portfolio management and other tasks. This would include modeling, preparing internal and external memos, working together with management teams, and plenty of other activities. We’d like our analyst to be hard working, curious, thoughtful and confident – strong math and logic skills are also a plus.
Private Credit - Credit Solutions
KKR’s Credit Solutions team sits within the firm’s Credit & Markets umbrella. It uniquely combines principal credit investing and capital markets capabilities to provide tailored debt financing solutions. The Private Credit investing team has access to nearly ~$25 billion of capital, which it invests primarily in larger middle market companies across all industries. Depending on the situation and financing need, the team has the ability to invest across the debt capital structure, ranging from senior secured loans to junior, mezzanine and preferred equity solutions. The credit investing team also works closely with the KKR Capital Markets team, sharing ideas and resources that allow deal teams to take a holistic view and provide optimal financing solutions across both public and private markets.
Summer Analysts will be expected to become integral parts of deal teams over the summer. The Summer Analyst will be responsible for helping deal teams through all stages of the investment process, including preliminary diligence efforts, creation of committee materials, financial modeling, internal processes and more. A desire to learn, proactivity and an ability to come up the curve quickly to learn our business are the key attributes we are looking for in Summer Analysts.
Americas Private Equity
Consumer/Retail
The America’s Private Equity Consumer Team invests in control buyouts across consumer products, consumer services, travel & leisure, consumer internet and industry enablers via both the America’s Private Equity fund and Core Investments fund. Expected responsibilities for summer analysts include supporting the deal team across the deal lifecycle including initial investment diligence analysis and modeling, portfolio monitoring and ongoing thematic work such as sector landscaping. The ideal candidate would be a self-starter, highly intellectually curious, have a deep interest in investing, possess strong quantitative foundation and have a can-do attitude.
Financial Services
The AMPE Financial Services team invests out of KKR's Flagship Private Equity fund broadly across a number of Financial Services subsectors, including insurance, wealth management, payments, and financial technology & software. Given the team’s lean staffing model, a successful candidate will have the opportunity to take on a high degree of responsibility and will contribute to the team’s efforts across the deal life-cycle, including investment sourcing, industry research, financial modeling, and portfolio company monitoring. We are looking for highly motivated, intellectually curious candidates with a demonstrated interest in investing.
Health Care
The America’s Health Care Team invests in control buyouts, growth equity, and venture capital deals across the entire healthcare spectrum – from novel biopharmaceuticals to multi-billion dollar hospital networks to early-stage healthcare software start-ups – via the America’s Private Equity fund, Core Investments fund, and the Health Care Strategic Growth Fund. Expected responsibilities for summer analysts include supporting the deal team across the deal lifecycle including initial investment diligence analysis and modeling, portfolio monitoring and ongoing thematic work such as sector landscaping. The ideal candidate would be a self-starter, highly intellectually curious, have a deep interest in investing, possess strong quantitative foundation and have a can-do attitude. The position is based out of Menlo Park, CA, and we are looking for those who want to be in the Bay Area full-time.
Industrials
The North America Industrials Private Equity team looks at attractive investment opportunities across all Industrial sectors (including diversified manufacturing, building products, transportation, packaging, aerospace & defense, chemicals, and more) with a focus on employee engagement as a key driver of investment performance. Since the team was formed in 2010, KKR Industrials has been one of the most active private equity investors in the Industrials sector globally, having completed >$17 billion worth of acquisitions across twelve platform investments. The Summer Analyst will serve as an integral member of the KKR Industrials team, assisting with new investment evaluation, financial analysis and modeling, and market research. In addition, the Summer Analyst will work with team members and Industry Advisors to progress value creation efforts at existing portfolio companies. The ideal candidate will possess strong analytical and interpersonal skills, thrive in team-based environments, and have a strong desire to grow and develop as an investor.
TMT Media & Tech Services
The North America Technology, Media & Telecom (TMT) Private Equity team focuses on larger scale investments across an exciting and dynamic ecosystem, and employs a flexible mandate spanning leveraged buyouts, majority / minority growth investments, PIPEs and public toeholds. The Media & Tech Services team in New York has particular focus areas across media, entertainment, sports, data & analytics, advertising / marketing, education, telecom and IT services. Our investment philosophy is thematic, growth-oriented and hands-on with a bias towards market leading platforms that have differentiated content, data and / or software. Given the team’s lean staffing model, a successful candidate will have the opportunity to take on significant responsibility and will contribute to our efforts across the deal lifecycle, including theme development, new investment evaluation, due diligence, financial modeling and portfolio company oversight. We are looking for highly motivated, intellectually curious candidates with a passion for the TMT sector and demonstrated interest in investing.
TMT Software
The North America Technology, Media & Telecom (TMT) Private Equity team focuses on larger scale investments across an exciting and dynamic ecosystem, and employs a flexible mandate spanning leveraged buyouts, majority / minority growth investments, PIPEs and public toeholds. The Software team in Menlo Park focuses on investments across the software landscape with investments across all sectors and sizes ranging from high-growth businesses to scaled, mature enterprises. Recent companies our team has partnered with include Cloudera, Box, TherapyBrands, and OneStream. Summer analysts will have the opportunity to work on new investments as well as with our portfolio companies, gaining exposure and contributing to the full deal lifecycle. Example work summer analysts help lead will include building financial models, doing industry deep-dives, running diligence calls with leading experts, and participating in diligence sessions with management teams. We are looking for highly motivated, intellectually curious candidates with a passion for the TMT sector and demonstrated interest in investing.
Real Estate
Real Estate Credit
KKR Real Estate Credit invests in performing commercial real estate debt, secured by high-quality real estate across asset classes managed by top-tier sponsors in major cities. KKR Real Estate Credit originates loans and invests in securities across the risk-return spectrum from stabilized to heavy transitional business plans via its KREF, KROX, KREST, RECOP I/II, RESTAC and Global Atlantic capital bases. Summer Analysts will build analytical and professional skills by working on live deals through all stages of the deal process from origination to deal closing or by working on the asset management of already closed deals. Summer Analysts will be responsible for helping the team underwrite properties, perform market research, participate in deal presentation, and present their recommendations to the investment committee. KKR Real Estate Credit is looking for candidates eager to be a part of a high-growth platform who are team-oriented with a passion for investing and a demonstrated interest in real estate.
Real Estate Equity
KKR Real Estate Private Equity invests in real estate property, companies, and platforms across asset classes and the risk-return spectrum. KKR Real Estate Private Equity uses a thematic approach to evaluate opportunities globally with over $18Bn currently under management. A Real Estate Private Equity Summer Analyst at KKR will have the opportunity to gain a unique investment experience and develop an advanced and broad real estate/financial skill set. A Summer Analyst will be integrally involved with many aspects of the real estate investment process, including: analyzing potential acquisition and development opportunities in commercial and residential real estate; contributing to key diligence work streams including financial modeling, gathering and synthesizing industry/market data, and coordinating with legal, tax and commercial diligence advisors; and assisting with monitoring/executing business plans for existing real estate investments. KKR Real Estate Private Equity is looking for candidates eager to be a part of a high-growth platform who are team-oriented with a passion for investing and a demonstrated interest in real estate. The team has offices in New York City and San Francisco and is hiring Summer Analysts for both locations.
Primary Qualifications and Skills:
Please apply by February 28th -- 11:59pm ET
KKR is an equal opportunity employer. Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law.
The company requires COVID-19 vaccination (including booster) for employment, subject to reasonable accommodation as required by law.
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