MONEY MANAGEMENT

Member of KKR private credit team retires

Erik Falk, member at KKR who oversaw a portion of the firm's $35 billion private credit business, retired from the firm April 3, sources close to KKR said.

Separately, Matthieu Boulanger will be joining KKR later this year as a portfolio manager in KKR's private credit business. He was a partner focused on private credit investing in the U.S. and Europe, and head of Highbridge Principal Strategies, which until September was a unit of J.P. Morgan Asset Management (JPM)'s Highbridge Capital Management.

KKR's credit business is run by Adam Burke and Nat Zilkha, both members and co-heads of private credit. Mr. Zilkha heads private credit and Mr. Burke is the head of leveraged credit.

Mr. Falk could not be reached for comment by deadline. Kristi Huller, KKR spokeswoman, declined comment.