Shikha Sharma Appointed Industry Advisor to KKR’s Alternative Credit Businesses

Shikha Sharma Appointed Industry Advisor to KKR’s Alternative Credit Businesses Back to Press Releases

Shikha Sharma Appointed Industry Advisor to KKR’s Alternative Credit Businesses

January 31, 2019

MUMBAI — January 31, 2019 — KKR today announced the appointment of Shikha Sharma as an Industry Advisor to the Firm’s corporate- and real estate-focused non-bank finance companies (“NBFCs”) in India. These alternative credit businesses have a combined net worth of approximately INR 4,640 crores (US$660 million).

Ms. Sharma was Managing Director & CEO of Axis Bank, one of the largest banks in India, until December 2018. Prior to her time at Axis Bank, she was Managing Director & CEO of ICICI Prudential Life Insurance Co., one of the largest private life insurance companies in India, and was previously a founding Managing Director & CEO of ICICI Personal Financial Services, where she helped establish ICICI Bank’s retail lending business and ICICI Securities’ joint venture with JP Morgan.

As an Industry Advisor, Ms. Sharma will assist KKR’s NBFCs by advising them on areas for business growth, value-creation opportunities, and strategic mergers and acquisitions, among other duties.

Sanjay Nayar, Member & CEO of KKR India, said, “I am very excited that we will be able to benefit from Shikha’s deep expertise and counsel. India is structurally short of long-term capital, and this provides a compelling opportunity for our NBFCs to diversify and scale in many areas, including working with mid-market companies and SMEs. Having built a broader financial services business, Shikha’s experience will help us expand our presence in the financing sector and build on our NBFC’s large equity base to meet the ongoing need for capital in corporate India.”

“I look forward to working alongside the team and help them to identify further areas of growth and opportunity,” said Ms. Sharma.

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About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

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KKR Asia
Anita Davis, +852 3602 7335
Anita.Davis@KKR.com

KKR Americas
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Media@KKR.com

Edelman (For KKR India):
Siddharth Panicker, +91-9820-857-522
Siddharth.Panicker@Edelman.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.