“Macro moderation is likely to be a headwind for ex-Tech EPS growth through the end of the year; we expect this to be offset by Big Tech continuing to surprise to the upside as it did in 1H.”

 “Recent US equity volatility should end up fairly contained. Major unwinds seem systematically/technically motivated rather than fundamental (crowded positioning among discretionary funds, systematic equity exposure was elevated, June-July rally was frothy/mostly multiple expansion, market implied probability of a September rate cut was already ~74% prior to June CPI).”

 “There could be more pain trade to go, but we see it as an opportunity to reset valuations as focus shifts to 2Q24 earnings.”

 “That’s something that we’ve been very focused on in these deals, not just reach in the United States but reach globally as well.”

 “The acquisition aligns with KKR’s strategy to expand its industrial portfolio in markets demonstrating strong demand fundamentals and comparatively low supply.”