Kohlberg Kravis Roberts has nabbed a York Capital Management managing director as part of a major expansion of its European special situations team.
Mubashir Mukadam has been named head of European special situations at the private equity giant, based in London. Joining him in the British capital will be one of his new bosses, Nat Zilkha, co-head of special situations at KKR Asset Management. Zilkha recently moved to the U.K. from San Francisco to focus on KKRAM's global distressed investing strategy.
"We are very pleased to have Mubashir join the special situations team here in London," Zilkha said. "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."
Mukadam's hiring is the second of a hedge fund manager for the KKR special situations group. Jessica Beattie joined the firm in New York in September, charged with working on secondary distressed and structured investments.
Mukadam joined York in 2008. Previously, he had worked on Deutsche Bank's distressed products team.