KKR’s recently closed $19 billion North America XIII fund is moving the ball forward on employee engagement. The fund plans to give majority owned portfolio company employees access to equity, consistent with KKR’s participation with Ownership Works. “…What we’ve done here is we’ve actually given stock to employees of many of our companies with a view that is everybody’s an owner, they’re going to think like an owner. And they’re going to be more engaged in value creation,” said co-CEO Scott Nuttall at the firm’s recent investor day.
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