Cash Pile on Menu at Kravis and Schwarzman’s Kazakhstan Dinner

 

KKR & Co. founder Henry Kravis, Blackstone Group LP Chairman Stephen Schwarzman and Carlyle Group co-founder David Rubenstein were more than willing guests when Kazakhstan President Nursultan Nazarbayev hosted a dinner in New York.

Apart from the dining at the Four Seasons Hotel, there was access to a possible $93 billion on the table as Nazarbayev, who presides over Central Asia’s biggest energy exporter, seeks to boost returns on the country’s wealth funds. The $64 billion National Fund has struggled to achieve an average of 2 percent annually for the past five years…

Read the full story at Bloomberg, by Nariman Gizitdinov

 

Read more about: Blackstone Group LP, Carlyle Group, David Rubenstein, Henry Kravis, Kazakhstan, KKR & Co., Stephen Schwarzman