Petraeus To Lead KKR Institute

May 30 2013 | 12:25pm ET

Kohlberg Kravis Roberts and former Central Intelligence Agency Director David Petraeus are, at last, going into business together.

After more than a month of talks, KKR has named Petraeus chairman of its new KKR Global Institute and an adviser to its investment teams. The institute will focus on the impact of global economic, social and geopolitical issues on investing, and Petraeus in particular will work with KKR managers on global expansion, the New York-based private-equity firm said.

Petraeus will be joined at the institute by former Republican National Committee chairman Ken Mehlman and KKR's macro and asset-allocation head, Henry McVey.

“I have long known and respected General Petraeus and, on behalf of everyone at K.K.R., I welcome him to the firm. As the world changes and we expand how and where we invest, we are always looking to sharpen the ‘K.K.R. edge,’” Henry Kravis said. “With the addition of General Petraeus, we are building on the work we have done to understand the investment implications of public policy, macroeconomic, regulatory and technology trends globally.”

Petraeus, who also led U.S. military forces in both Afghanistan and Iraq, resigned from the CIA in November after an investigation uncovered an extramarital affair. In addition to his job with KKR, the retired general is also to serve as a visiting professor at the City University of New York.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR