20VC: Inside KKR's Monster $8BN European Fund | The $500M Turkey Gamble That Went Wrong | Do Andreessen & General Catalyst Scare KKR? | Will AI Kill the PE Model? | Can The PE Model Survive without IPOs and Where is the Liquidity with Philip Freise

In this episode of 20VC, Harry Stebbings interviews Philipp Freise, co-head of European Private Equity at KKR, discussing his early experiences in venture capital during the dot-com bubble, lessons learned from investment failures in emerging markets like Turkey and Pakistan, and KKR's investment strategies during the COVID-19 pandemic. Philipp shares insights on portfolio construction, capital allocation, and the importance of linear deployment cycles, while also addressing broader economic themes such as aging demographics, the rise of China in European auto industries, and the future of private equity with the potential impact of AI. The conversation also covers the challenges and opportunities in the European market, including the need for a capital market union and the potential for individual investors to participate in alternative investments.