KKR Grows Global Private Credit Team with New Senior Hires Back to Press Releases

KKR Grows Global Private Credit Team with New Senior Hires

July 1, 2021

Expands Capabilities in Asset-Based Finance and Secured Lending

NEW YORK–(BUSINESS WIRE)–

KKR, a leading global investment firm, today announced the appointments of Giacomo Picco and Stephanie Yeh as Managing Directors on the firm’s global private credit team based in New York. The new hires deepen KKR’s capabilities and reach within its private asset-based finance (“ABF”) investment strategy, with Mr. Picco leading a new effort focused on receivables and inventory financing and Ms. Yeh responsible for co-leading sourcing of ABF investment opportunities in the US.

“We are delighted to welcome two new talented leaders to our team as we continue to grow our private credit platform,” said Dan Pietrzak, Partner at KKR. “Giac’s deep background in receivables and inventory financing will help us to build new capabilities in secured lending to corporate borrowers and Stephanie’s expertise in early-stage financing across consumer finance, fintech and other ABF markets increases our connectivity and access to non-traditional opportunities in the ABF market.”

Mr. Picco was previously Portfolio Manager and Head of Alternative Lending and Capital Solutions at Sound Point Capital where he helped build the firm’s alternative lending business. Earlier in his career, Mr. Picco served as Co-Head of Research at KS Management and held roles in Leveraged Buyouts at The Carlyle Group and in the Mergers & Acquisitions group at Lazard Freres.

Prior to her new role, Ms. Yeh was Head of Early Stage Financing at Credit Suisse where, as a Managing Director, she helped launch the group and expanded the bank’s coverage to early stage clients across asset classes. She previously worked at Goldman Sachs in Structured Finance and Asset-Backed Securities Finance.

KKR’s global credit business has approximately $165 billion of assets under management as of March 31, 2021, including approximately $58 billion within its overall private credit platform. KKR’s ABF business now boasts approximately 35 dedicated investment professionals specializing in assets classes and regions across the world. The ABF strategy has invested over $4 billion of capital across over 40 investments since 2016.

About KKR

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Media:
Cara Major or Miles Radcliffe-Trenner
media@kkr.com

Source: KKR


Download PDF

Back to Press Releases

Media Contacts

Americas

Kristi Huller
Miles Radcliffe-Trenner
Julia Kosygina
Telephone: +1 (212) 750-8300

Email: media@kkr.com

EMEA

Annabel Arthur
Telephone: +44 20 7839 9800

Email: kkrpr-uk@kkr.com

Asia-Pacific

Anita Davis
Wei Jun Ong
Telephone: +852 3602 7335

Email: media@kkr.com

Investor Relations

‍Craig Larson
Telephone: +1 (877) 610-4910
Outside US: +1 (212) 230-9410
Facsimile: +1 (212) 750-0003
Email: Investor-Relations@kkr.com

×

Listen to webcast

This presentation contains certain forward-looking statements pertaining to KKR & Co. Inc. and its consolidated subsidiaries (collectively “KKR”), including certain investment funds, vehicles and accounts that are managed by KKR (each, a “fund”). Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements are based on KKR’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. If a change occurs, KKR’s business, financial condition, liquidity and results of operations, including but not limited to, assets under management, fee paying assets under management, after-tax distributable earnings, capital invested, syndicated capital, uncalled commitments, cash and short-term investments, fee related earnings, fee and yield segment EBITDA, core interest expense and book value, may vary materially from those expressed in the forward-looking statements. The following factors, among others, could cause actual results to vary from the forward-looking statements: whether KKR realizes all or any of the anticipated benefits from converting to a corporation and the timing of realizing such benefits; whether there are increased or unforeseen costs associated with the conversion, including any adverse change in tax law; the volatility of the capital markets; the general volatility of the capital markets; failure to realize the benefits of or changes in KKR’s business strategies including the ability to realize the anticipated synergies from acquisitions or strategic partnerships or other transactions; availability, terms and deployment of capital; availability of qualified personnel and expense of recruiting and retaining such personnel; changes in the asset management industry, interest rates or the general economy; underperformance of KKR's investments and decreased ability to raise funds; and the degree and nature of KKR’s competition. All forward-looking statements speak only as of the date they are made. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law. In addition, KKR’s business strategy is focused on the long-term and financial results are subject to significant volatility.

Additional information about factors affecting KKR, including a description of risks that may be important to a decision to purchase or sell any common or preferred stock of KKR & Co. Inc., can be found in KKR & Co. Inc.’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its other filings with the SEC, which are available at www.sec.gov.

I understand  |   Go back
×

Listen to Presentation

Before viewing this presentation, please acknowledge your understanding that it has been prepared for KKR & Co. Inc. (NYSE:KKR) for the benefit of its public stockholders and is not intended to be a solicitation or sale of any of the securities, funds or services that it may discuss. Please click on "I understand" to view the presentation.

I understand  |   Go back