
Overview
Private equity firms have typically offered ownership rights to management teams as an incentive to drive growth, but today an increasing number of private equity firms are offering ownership stakes to non-management employees in hopes of creating a stronger alignment to drive value creation. The initiative is supported by many in the private equity ecosystem including investment bankers and limited partners.
Led by Peter Stavros, Co-head of Global Private Equity for KKR, Ownership Works is gaining momentum across the industry. Joining Peter in this exclusive, members-only webinar is Yup Kim, Chief Investment Officer of the Texas Municipal Retirement System, a public pension fund, managing over $40 billion in AUM. TMRS serves over 225,000 members, retirees, and beneficiaries across almost 950 participating cities.
ACG's Chief Executive Officer, Brent Baxter, will be leading this insightful discussion. ACG members may register to learn why many private equity firms are finding the model beneficial, why a growing number of limited partners back the program, and how it’s fundamentally changing the industry.
About The Shared Ownership Program
To date, more than 60 KKR portfolio companies have awarded billions of dollars in equity to over 150,000 non-senior management employees.
KKR joined more than 20 organizations in becoming a founding partner of Ownership Works, a nonprofit created to support public and private companies transitioning to shared ownership models.