Patrick Gagnon: Hello, Professor Scott Nuttal! Thank you for taking the time out of your busy schedule to speak with us.

Scott Nuttal: Hi, Patrick! It’s a pleasure to talk with you.

Patrick Gagnon: As we head into September, what’s your view on the market over the next four months?

Scott Nuttal: I’m constructive and bullish. The latest news suggests the Federal Reserve will cut rates by 25 basis points, with the possibility of multiple cuts over the next four months. This should drive a high probability of gains in U.S. equities.

Patrick Gagnon: A new fund is set to launch in December. The period leading up to December is critical for showcasing KKR’s capabilities. What results do you think you can deliver?

Scott Nuttal: We’ve built positions in several stocks recently; four have gained over 50%, and there are numerous names up more than 20%. These results clearly reflect our capabilities and what we’ve actually achieved. I’m confident we’ll continue to deliver strong performance, and I hope you’ll cover our progress to help promote KKR.

Patrick Gagnon: Could you briefly introduce the preparation status for the new fund launching in December?

Scott Nuttal: We’ve finalized the profit-sharing structure: 20% to us and 80% to investors, which is very favorable for investors. All preparatory work is complete. Most importantly, client recognition is high. Based on our outreach, 80% of prospective clients have expressed willingness to subscribe. I’m very excited and confident the new fund will launch successfully.

Patrick Gagnon: What’s the investment strategy for this new fund?

Scott Nuttal: Our research team has conducted extensive due diligence and prepared opportunities in both the primary and secondary markets for prospective clients. After the fund launches, we’ll pursue profits through fund investments. While costs are high, the strong support from our members gives us confidence we’ll earn them back. I firmly believe returns from primary-market investments will surprise the entire market and deliver substantial profits for our members.

Patrick Gagnon: Thank you, Professor Scott Nuttal, for the interview, and best wishes for the successful launch of your new fund in December!

Scott Nuttal: Thank you, Patrick! With media support like yours, our fund launch will be even smoother.