Days after Hurricane Sandy wreaked economic havoc in New York and the surrounding states, KKR & Co. co-founder Henry Kravis is already thinking about how to support future infrastructure that can withstand similar disasters. Through the Partnership for New York City Fund, which he created in 1996, Kravis wants to help fund businesses that strengthen and diversify the city’s economy.
The group has more than $35 million it plans to invest in businesses the fund’s board believes will create jobs or revitalize poor neighborhoods.