What the UFC Brings to KKR's Portfolio

The transcript discusses KKR's investment strategies in a high market environment, focusing on selective M&A and growth-oriented buyouts. It examines the impact of Trump's policies on market dynamics, highlighting tax policies and repatriation. The discussion includes KKR's investment in UFC, emphasizing its growth potential as a sport and media property. Finally, it covers KKR's involvement in FanDuel, exploring the engagement potential of fantasy sports, particularly among millennials.

What is a key strategy for KKR when considering mergers and acquisitions in a high market environment?

• Focusing on short-term gains

• Avoiding growth-oriented buyouts

• Having a differentiated view on companies

• Investing in only public companies

Which of the following is NOT mentioned as a factor driving market prices according to the transcript?

• Tax policies

• Repatriation of cash

• Deregulation

• Interest rate hikes

What makes UFC a unique investment opportunity for KKR?

• It is only successful in the domestic market

• It has a traditional sports business model

• It can succeed in multiple media formats

• It relies solely on broadcast television

Why is UFC considered appealing to a millennial audience?

• It has fewer events per year

• It focuses on traditional sports

• It offers easily shareable highlights

• It has longer matches

What was the primary reason for KKR's investment in FanDuel?

• To avoid competition with other fantasy sports platforms

• To invest in traditional sports broadcasting

• To engage fans more deeply with sports

• To focus on a single sports team

How does fantasy sports enhance fan engagement according to the transcript?

• By focusing only on local teams

• By allowing fans to participate in daily or weekly contests

• By providing a casual viewing experience

• By limiting the number of teams fans can follow

Which demographic is primarily targeted by fantasy sports platforms like FanDuel?

• Teenagers

• Retirees

• Millennials

• Middle-aged adults