private equities an area of the market dominated by names like blackstone, kkr and carlisle how can they exposure to this part of the market? >> increasing retail investments going on into the private equity market big firms like a carlisle, and kkr and blackstone increasingly building offerings accessible to the retail investors as well starting low as $10,000 ors $25,000. >> interesting are these private market deals do you have to be an accredited investor or your average investor to get in on this >> increasingly the average creditor retail investors will be able to get access to those offerings. and increasing also digital offerings and digital platforms allowing retailers to get into the market. >> interesting trend what about a investing in those companies themselves kkr is a publicly traded company, so is carlisle? >> yeah. this can be interesting investment as well and the market rebounded from, on those companies as well. of course, you're investing into the long-term management fee streams that these companies have, and you're backing on the continued growth of the private equ

the united states government is not going to allow american companies to invest into china you see kkrthe private equity giant recently announce the shuffling of the management team in asia to de-emphasize. seqoia split operations. you saw the head of blackrock just left the china head there's a feeling that the biden regime is strong-arming american businesses not to invest in the china market right now out of national security concerns the united states is no longer a free market economy where businesses are allowed to invest in china because of the low cost or the good value in manufacturing or the market to sell into. anything that's touching technology or anything that the national security council can deem as a national security threat, americans are just not to alollowed to invest there that's why fdi only went up 2% in q1 this year. what is gxi jinping doing he is launching an offensive to saudi arabia and iran and latin america and trying to drive a wedge with the united states the prime minister just made a visit to germany because they are trying to attract more fdi from ger

you have goldman having an asset manager that is almost compared to the size of kkr when you look atiness inside goldman's asset manager. we are talking about this a lot. those basel three rules, and wholesale talent moving into these private asset firms. it is easy to see why. the pay structures are different. the assets might be smaller, but they are growing. six street, for example, a couple of years ago, they were $50 billion in assets. now, they are $65 billion in assets. you are seeing the money move, and the talent with it. dani: everybody just wants that terry. -- carry. we have an update on where we are seeing markets. absolute whiplash when it comes to currencies. if you were looking roughly this time yesterday on all the european currencies, euro, sterling, even krona, they were plummeting versus the dollar. we are getting the opposite today. both euro and sterling strengthening the same amount, basically half a percent versus the dollar. the euro moves back above 1.10. a lot of it was based on u.s. data, central-bank decisions, especially from the boj, that story from the

if you look at the five-year stock prices for the -- for blackstone, apollo, kkr, it is over 100% overars. you're not getting near 100% for any of other big six banks over that timeframe. you see a very significant move of investor interest. over to the likes of blackstone relative to j.p. morgan and goldman sachs. you can see here just how much that differential is. it has only gotten wider. the differential since the pandemic. that shows you how much investors have been clambering over private assets and real estate as they have moved away from the banks. guy: when jamie dimon talks about them dancing in the street, he has the idea that jonathan gray has the dancing shoes on. sonali: he made blacks -- name blackstone apollo by name when he mentioned that, and. and i ask him are you dancing in the streets? he was cautious of how he answered. he said we work in conjunction with the banks. he does not want to seem like his rivals are taking the share away from the bank and they work so closely with the bank, but that being said we are not being just with the big banks being competitors

, as i would say built to last and in some cases they pay a dividend but they're not too big that a kkrthem out at a higher price which could happen. like berkshire hathaway. cheryl: i was asking but the taylor swift issue, beyonce issue with life nation, a but you answered that. they ended up in front of congress. there was the huge hewlett-packard la over the ticket sales for taylor swift. let's look at icmvxx. this is something that you really like. why? >> well, the income fund is short duration, high yield debt and i think as many viewers are aware 2022 was one of the worst bond markets in the last 50 years. the broad indexes were down 13 to 15% and you now have obliterated five years worth of investment returns for long duration fixed income investors. for the last 20 plus years we've been a short duration investor and as warren buffett likes to say, when the tide goes out you get to see who is swimming naked. the tide went out on long duration equity investors and fixed invests last year. our income fund was only off 3%. and today you're earning cash yields, we pay a dividend mon

. >> david petraeus joins us now, the chairman of kkr global institute which owns defense contracting firms. as we heard in alex' reporting the ukrainian general thinks that even just the threat of these american cluster bombs could lead to russian troops abandoning their positions. do you think that's realistic, and do you support biden's decision to send cluster bombs? >> i strongly support the decision, jake, and i do believe that the employment of these weapons will have a significant effect. there is a need for this kind of munitions to help the ukrainians to break through these belts of mine fields, tank ditches, trench lines, dragons teeth and so forth. they're doing that very painstakingly right now. in fact, they're carrying out a strategy that might be described -- and in fact the u.k. chief of defense staff described it as starved, stretched and strike. so they're specifically going after key locations like that strike announced -- not verified but announced against a reserved force's area, headquarters, supply points, fuel depots and artillery pieces. and that's the challe

i recently sat down with kkr's global head of equity pete savros at the delivering alpha newsletter hedata has shown over decades, a lot of data on private equity outcomes, better return deals are done. it's logical purchase prices are constrained and you can't borrow as much and the money you can borrow is expensive. this is the time to be leaning in. >> of course, the flip side is it's harder to exit and sometimes it can be harder to convince a seller at a lower valuation. stavros says those expectations are finally starting to adjust as there's a pretty long lag in the private markets compared to the public ones, david. >> important point, you can do your best deals in an environment like this, but you need prices to come down that adjustment period takes some period of time. sellers, they can be kind of stuck. especially with a rally in the nasdaq. >> they say now i'm down to 3 or 4, do i want to sell or hang tight until things normalize if that's the view they think it will normalize just the fundraising if you don't have as much dry powder out there. >> many of them do >> they're