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Epstein File EFTA01452656: Asset (DS10)

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This document dated January 28, 2014 contains investment analysis and outlook information regarding KKR (Kohlberg Kravis Roberts), an alternative asset management company, discussing its track record, fund raising, and competitive position in the asset management industry.

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28 January 2014 Brokers, **Asset** Managers & Exchanges Alternative **Asset** Manager Initiation Investment Thesis Outlook Hold-rated KKR is one of the leading
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alternative **asset** management companies with a track record of innovation, strong investment performance, and healthy fund raising (organic growth).
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legislation, a change in tax laws creating higher taxation on carried interest and/or the partnership structure, increasing competition from traditional **asset**

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