Appoints Mubashir Mukadam Head of European Special Situations and
Announces Relocation of Special Situations Co-Head Nat Zilkha to London
NEW YORK--(BUSINESS WIRE)--
Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, "KKR")
today announced the appointment of Mubashir Mukadam as European Head of
Special Situations for KKR's $14 billion asset management platform, KKR
Asset Management LLC ("KAM"). Mr. Mukadam, based in London, will focus
on secondary purchases of distressed assets as well as rescue lending
and structured investments in Europe. He will report to Nat Zilkha and
Jamie Weinstein, Co-Heads of Special Situations.
Mr. Mukadam was most recently Managing Director at York Capital
Management, a $14 billion multi-strategy hedge fund.
"We are very pleased to have Mubashir join the Special Situations team
here in London," said Mr. Zilkha. "Given Mubashir's strong background in
building credit platforms, as well as his investing experience and
relationships, we look forward to drawing upon his expertise as we
continue to create unique solutions for global businesses and generate
strong results for our clients."
As Managing Director at York Capital Management, Mr. Mukadam helped to
grow the firm's European distressed-debt platform, significantly
expanding both the scope of its investments and the quality of its
trading relationships. Prior to 2008, Mr. Mukadam was a Director of
Deutsche Bank's Distressed Products Group, a proprietary and
broker-dealer desk in London. In addition to successful credit
investments across single assets, loan and liquidation portfolios, he
has led restructurings and served on creditor committees.
"This is part of a concerted effort to build out our Special Situations
team globally and, with the right resources, we will continue to grow
this effort in Europe," Mr. Zilkha said.
Mr. Mukadam represents the second senior hire KKR has made recently in
the Special Situations business. In September, Jessica Beattie joined
the firm's New York office from Eton Park to focus on secondary
distressed and structured investments. Ms. Beattie has over ten years of
experience investing across the capital structure in public and private
markets. Before joining KKR, she worked as a senior analyst on the Event
Driven investment team at Eton Park Capital Management. Prior to Eton
Park, she was a Partner with R6 Capital Management, which Eton Park
acquired to build out its distressed credit business. Previously, she
was a Vice President in the Special Situations Group, a proprietary
investing portfolio within the fixed income division of Goldman Sachs.
The firm also announced that Nat Zilkha, Co-Head of Special Situations,
has relocated to London. He will continue to report to Bill Sonneborn,
KKR Member and Head of KKR Asset Management.
"We believe KKR's solutions-oriented approach to companies, significant
operational expertise and focus on stakeholder management are ideally
suited to the European distressed and structured finance markets. Nat's
move to London underscores our commitment to building out our Special
Situations strategy globally," said Mr. Sonneborn.
Mr. Zilkha joined KKR in 2007. Prior to KKR, he spent eight years with
Goldman Sachs' Principal Investment Area focused on private equity and
principal debt transactions.
Launched by KKR in 2004, KAM invests on behalf of its managed funds,
clients and accounts across the corporate credit spectrum, including
secured credit, bank loans and high yield securities as well as in
equities and alternative assets such as mezzanine financing, distressed
investing and structured finance. With more than 100 employees,
including 45 investment professionals, KAM's investment teams are
closely aligned with KKR's wealth of private equity investment and
industry resources. As of December 31, 2010, KAM has $14.8 billion in
assets under management, of which $7.8 billion is fee-paying.
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a
leading global investment firm with $61.0 billion in assets under
management as of December 31, 2010. With 14 offices around the world,
KKR manages assets through a variety of investment funds and accounts
covering multiple asset classes. KKR seeks to create value by bringing
operational expertise to its portfolio companies and through active
oversight and monitoring of its investments. KKR complements its
investment expertise and strengthens interactions with investors through
its client relationships and capital markets platforms. KKR is publicly
traded on the New York Stock Exchange (NYSE: KKR). For additional
information, please visit KKR's website at www.kkr.com.
Peter McKillop/Kristi Huller
+44 207 251 3801
Source: Kohlberg Kravis Roberts & Co. L.P.
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