Category Archives: Henry Kravis

Auto Added by WPeMatico

World’s 317th Richest Man Bets on Crypto

World's 317th Richest Man Bets on Crypto

Kohlberg Kravis Roberts (KKR) co-founder Henry Kravis has followed in the footsteps of other big money players by betting on crypto.

Ben Forman, an ex employee of KKR and the founder and chief investment officer of ParaFi Capital, told Bloomberg that Kravis had made investments in his company’s crypto fund based in San Francisco. He explained the logic:

“In the high-yield markets, I used to fight to outperform the index by tens of basis points. Crypto, on the other hand, due to its nascency, offers a tremendous amount of alpha to active managers.”

Forman himself completed three years of work at KKR, with roles including credit business and debt investments. He also led the company’s blockchain and crypto research team. He explains why he left:

“While I toyed with the idea of pursuing blockchain investing within KKR, it was clear to me that the firm did not provide the optimal format to do so. Instead of pursuing crypto at KKR, I wanted to build the KKR of crypto.”

Kravis, who is the world’s 317th richest man according to Forbes with a networth of USD 5.8 billion, will now vie with the likes of Alan Howard, Louis Bacon, and Peter Thiel, to see who can make it bigger on crypto.

After Howard’s Brevan Howard Asset Management hired at least one advisor to help him manage his substantial crypto buys, the firm’s partners also invested in digital assets, with the company itself still considering token sale markets and blockchain startup venture funding.

Thiel is an outspoken Bitcoin bull so his affiliations have long been known, and he joined Howard and Bacon to invest in, the company behind EOS, which made its investors a lot of money with its blockchain iteration and crypto. is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow on Twitter: @bitcoinnewscom

Telegram Alerts from

Image Courtesy: Unsplash

The post World’s 317th Richest Man Bets on Crypto appeared first on