| KKR's Jake Heller: learnings from the military Morning, and Happy Veterans Day!
In honor of all the veterans in the PE community, I want to share a few fragments of my recent conversation with Jake Heller, co-head of KKR’s Next Generation Technology Growth (NGT) investment team.
Some of the early lessons that Heller learned from his time in service now help him manage a team of 23 investment professionals at KKR Growth as well as build meaningful relationships with founders and CEOs, he told me.
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Also of note (may require subscriptions) New fund alert: LongRange Capital, led by former Navab Capital Partners executive Bob Berlin, held a one-time close on a debut fund backed solely by California Public Employees’ Retirement System, Buyouts writes.
Up for sale: Madison Dearborn Partners is weighing a sale of Specialty Building Products that could value the business at about $1.1 billion, including debt, people familiar with the matter tell Bloomberg.
Victory: Of the 10 top recipients of money from the private-equity industry, eight won their races last week, based on data from the Center for Responsive Politics, WSJ writes.
PE Deals 
They said it “One person’s ecofriendly windmill is another person’s bird killer ... and I do not want to insert myself in the middle of that debate. Better to let an asset manager describe its approach to funding green energy so that likeminded investors can select that asset manager and differently minded investors can go elsewhere.” Commissioner Hester Peirce said in a Sept. 17 speech before an audience at Harvard Law School, discussing the challenge of standardizing ESG language, Regulatory Compliance Watch writes.
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