PE’s invasion into IB?

http://online.wsj.com/article/SB12444278320849312…

http://online.wsj.com/article/SB12444278320849312…

Whenever someone or some organization takes something for granted they make stupid mistakes. It’d be sure simple if you can take in one MD and consistently make deal flows. But the attempt KKR is making right now seems to be digging their own holes and alienating themselves from the community. Haven’t they ever thought about the fact why BX and Carlyle have steered clear of the underwriting business?

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