KKR Names Michael Michelson and Alexander Navab Co-Heads of North American Private Equity

KKR Names Michael Michelson and Alexander Navab Co-Heads of North American Private Equity Back to Press Releases

KKR Names Michael Michelson and Alexander Navab Co-Heads of North American Private Equity

December 19, 2008

New York, NY – December 19, 2008 – Kohlberg Kravis Roberts & Co. (“KKR”) today announced that Michael W. Michelson and Alexander Navab have been named co-heads of the Firm’s North American Private Equity business. Mr. Michelson and Mr. Navab, who are Members of the Firm, will report to Henry Kravis and George Roberts, Co-founders of KKR.

Mr. Kravis and Mr. Roberts said, “We are pleased that Mike and Alex will assume these important new responsibilities, which reflect the growth and diversification of the firm as a global institution. Throughout their many years with KKR, they have distinguished themselves as highly successful investors and leaders. We are confident that Mike and Alex will make significant contributions as we continue to build on our leadership position in the private equity sector.”

Mr. Michelson and Mr. Navab will be responsible for optimizing the North American Private Equity business and coordinating it with the other businesses of the Firm.

Mr. Michelson, who is based in KKR’s Menlo Park office, joined the Firm in 1981 and oversees the North American Healthcare industry team. He serves on the Firm’s Private EquityInvestment Committee.

Mr. Navab, who is based in the Firm’s New York office, joined KKR in 1993 and oversees the North American Media and Communications industry team. He serves on the Firm’s Private Equity Investment Committee.

About KKR

Established in 1976, KKR is a leading global alternative asset manager. The core of the Firm’s franchise is sponsoring and managing funds that make private equity investments in North America, Europe, and Asia. Throughout its history, KKR has brought a long-term investment approach to portfolio companies, focusing on working in partnership with management teams and investing for future competitiveness and growth. Additional funds that KKR sponsors include KKR Private Equity Investors, L.P. (NYSE Euronext Amsterdam: KPE), a permanent capital fund that invests in KKR-identified investments; and two credit strategy funds, KKR Financial Holdings LLC (NYSE: KFN) and the KKR Strategic Capital Funds, which make investments in debt transactions. KKR has offices in New York, Menlo Park, San Francisco, Houston, Washington, DC, London, Paris, Hong Kong, Beijing, Tokyo and Sydney. More information about KKR is available at: www.kkr.com.

Media Contact:

Peter McKillop

Kristi Huller

media@kkr.com

212-750-8300

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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

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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.