Building Wealth for All: Ownership Works is fundamentally changing the private equity industry

Share:
Image
Building Wealth for All webinar

Event Details

When:

May 12, 2025 2 PM - 3 PM EDT

Where:
Location Name
Zoom

Register Now

Add to Calendar

Overview

Body

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.

Speakers

Image
Pete Stavros

Pete Stavros

KKR
Partner, Co-Head of Global Private Equity

Pete Stavros (New York) joined KKR in 2005 and is Co-Head of Global Private Equity. This includes oversight of assets across Europe, Asia and the Americas and traditional large and mid-cap private equity, core and growth equity.

Prior to this role, Mr. Stavros served as Co-Head of the Americas Private Equity platform. He is a member of several investment committees at KKR and has also served as Co-Chair of the firm’s global Inclusion and Diversity Council.

As an investor, Mr. Stavros has helped lead a number of successful investments across sectors and sizes, including HCA Healthcare, Nielsen, Gardner Denver / Ingersoll Rand, Capsugel, Capital Safety, Hyperion, Flow Control Group, Charter Next Generation, Minnesota Rubber and Plastics, Geostabilization International, Crosby Group and CHI Overhead Doors.

Prior to becoming Co-Head of Americas Private Equity, Mr. Stavros led the Industrials industry team where he pioneered an innovative employee engagement and ownership model. This approach has been successfully implemented at more than 50 KKR companies and has positively impacted more than a hundred thousand employees.

Mr. Stavros is the Founder and Chairman of Ownership Works, a non-profit focused on building a worker ownership movement globally and enhancing the financial resiliency of the workforce. The goal of Ownership Works is to create more than $20 billion of wealth for working families over the next decade. Mr. Stavros is also the Founder and Chairman of Expanding ESOPs, an organization focused on dramatically expanding the number of Employee Stock Ownership Plans (ESOPs) in corporate America. Prior to joining KKR, Mr. Stavros was an investor with GTCR Golder Rauner, where he was an investor in the healthcare sector.

He holds a B.S. in Chemistry, magna cum laude, from Duke University and an M.B.A. with high distinction, Baker Scholar, from Harvard Business School. 

Image
Yup Kim

Yup Kim

TMRS
Chief Investment Officer

Yup Kim joined TMRS in January 2024 from the California Public Employees Retirement System where he had served as Investment Director and Head of Investments for Private Equity managing almost $60 billion in global private equity assets. 

Prior to joining CalPERS, Kim was a senior portfolio manager at the Alaska Permanent Fund Corporation (APFC), where he was recognized by Chief Investment Officer magazine with its “Forty Under Forty” award at age 32. Prior to APFC, Kim served as a member of Deutsche Bank Private Equity’s global investment committee and held roles at Performance Equity, Silver Point Capital, and Citigroup.

Kim graduated from Yale University with a BA in economics, speaks six languages and is a prolific author, lecturer, and speaker. Kim serves as chair for the Milken Institute’s Rising Allocators, Board of Directors for the Korea Finance Society, and Term Member at the Council of Foreign Relations.

Image
Brent Baxter

Brent Baxter

ACG
Chief Executive Officer

As Chief Executive Officer at ACG, Brent oversees all aspects of the organization's operations and plans for strategic growth.

He has a long career in middle market M&A, with more than 25 years of sell-side and buy-side advisory experience, closing more than 200 transactions with a combined value of more than $1 billion. He also has a long and dedicated history supporting ACG in a volunteer capacity, serving in multiple positions on the ACG Board of Directors, and was recently honored with a Lifetime Achievement Award at the 2023 DealMAX event.

Brent has been an active participant in numerous chapter leadership events for 20+ years, forming deep connections with ACG's chapter network. He has attended more than 250 ACG events throughout the U.S. and has been a key member of his local ACG St. Louis chapter, serving in multiple positions including Board President, Membership Chair, Chair of the Corporate Peer Group, as well as Chair of a key multi-chapter Midwest event, the Growth Conference.

Immediately before joining ACG, Brent served as Managing Director at Nolan & Associates, a leading boutique investment banking firm with a focus on the middle market.

Prior to joining Nolan, Brent spent 18 years as Managing Director of a St. Louis independent investment bank. He also has extensive experience growing private companies through acquisitions, serving as CEO of a food manufacturing company that more than quadrupled its sales in eight years, and continuing to serve on the boards of several privately held companies.

Hosted by: ACG
Chapter
Global
Share: