KKR ranks as top alternative asset manager in Fortune 500

Greetings, Term Sheeters. This is finance reporter Luisa Beltran, subbing for Allie.

Three well-known private equity firms—Blackstone, KKR, and Apollo Global Management—made the Fortune 500 this year. While these three firms started off as private equity, they have since branched out into other sectors and are now considered alternative asset managers.

For many, Blackstone, KKR, and Apollo are still known for their PE roots, and I only mention this because private equity hasn’t been doing so well lately.