Friday, 1 August 2014
Last updated 2 hours ago
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.