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High Finance and Family-Friendly? KKR Is Trying | Wall Street Journal

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KKR & Co. is undertaking an experiment intended to make high finance more family-friendly.

Last year, the New York-based investment firm began offering new parents an unusually generous package of benefits. As one of the perks, for instance, the firm pays to fly nannies and infants on business trips during the baby’s first year.

Employees and executives say the policy changes are a welcome start toward making it easier for people at KKR to manage family life with the demands of the private-equity business, where extensive travel and workweeks of 70-plus hours are the norm. But the tensions of being a working parent in finance are far from resolved, the firm acknowledges.

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