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Net Net: Promoting innovation and managing change

KKR: US economy is good, but investing is hard

Alexander Navab
Amanda Gordon | Bloomberg | Getty Images

A top KKR executive thinks the American economy is in good shape, even if the looming interest rate increase by the Federal Reserve is likely to create some disruption.

"Overall in the U.S. we're looking at a very positive, healthy picture," Alexander Navab, KKR's head of Americas private equity, said Friday at the Columbia Business School Private Equity & Venture Capital Conference in New York.

Navab said the interest rate hike question was the biggest uncertainty in the capital markets.

"That has caused all sorts of volatility and uncertainty," he said. "Depending on when that happens, and how much, that may cause rebalancing or some more volatility."

Stocks fell sharply Friday as Navab spoke, partially in anticipation of a rate hike in June, earlier than some had expected.