January 28, 1999

'Worth': Investor Finances Charity Businesses

By STEPHEN G. GREENE

The financier George Roberts had one requirement when he decided to step up his philanthropy in the late 1980s: "What I was looking for was something that wouldn't be done if we didn't do it," he told Worth magazine (February).

Mr. Roberts, a founder of the leveraged-buyout firm Kohlberg Kravis Roberts, decided that he wanted to find ways to apply free-enterprise principles to combat homelessness and other social problems. His idea was to help

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