KKR Says There’s Money to Be Made in Europe’s Private Markets

KKR & Co Inc, one of the world’s largest alternative asset managers, says Europe’s economic prospects are better than expected — and that private markets are a great way in.

The investment firm argues the euro zone will probably avoid the worst-case scenario for growth, prompting KKR to boost its economic forecast for the region this year to 0.4% from -0.2%. That, coupled with record-low allocations across Europe, make the area’s assets especially attractive.

“Many parts of credit in Europe appear attractive, especially given banks have pulled back on lending,” KKR’s Henry H. McVey and colleagues including Aidan Corcoran ...