Venerable private equity firm Kohlberg Kravis Roberts is creating a new management role of chief administrative officer, with existing KKR executive Todd Fisher taking on the position, wit
Venerable private equity firm Kohlberg Kravis Roberts is creating a new management role of chief administrative officer, with existing KKR executive Todd Fisher taking on the position, with responsibility for integrating and co-ordinating the firm’s infrastructure, processes, communication and global interaction.
According to KKR, Fisher’s primary focus will be on the firm’s control, support and risk management infrastructure, overall operating discipline and co-ordination of the various businesses, offices and functions. He will continue to be based in London and remain a member of the firm’s investment committee.
The firm has also announced that the KFL credit business has been fully integrated into KKR, whose ownership of the business has increased from 65 to 100 per cent, and will be rebranded as KKR Fixed Income.
As part of the integration process, KFL founding partners Nino Fanlo and Dave Netjes will become members of KKR, while Mark Lerdal and Ryan Marshall will become managing directors. KKR says the changes are designed to simplify its corporate structure and enhance its ability to expand the credit business.
Perry Golkin, who has spent 22 years with KKR, including leading its capital-raising efforts, has shifted his focus to maintaining and building key investor relationships. Scott Nuttall will oversee the combined capital-raising, distribution and broker-dealer activities, and a new head of distribution will be appointed to work alongside Craig Farr, who becomes head of capital markets.
