KKR & Co. promoted three pairs of private equity professionals to lead its private equity businesses in the Americas, Europe and Asia-Pacific.
Pete Stavros and Nate Taylor were named co-leaders in the Americas, Mattia Caprioli and Philipp Freise in Europe, and Hirofumi Hirano and Ashish Shastry for Asia-Pacific, spokeswoman Cara Major confirmed.
The three pairs will assume responsibility for the day-to-day operations of the private equity businesses in their respective regions and continue to report to the KKR executives to whom they previously reported: Joe Bae, KKR's co-president and co-chief operating officer, in the Americas; Johannes Huth, head of KKR's operations in Europe, the Middle East and Africa; and Ming Lu, head of Asia-Pacific. They all also have the title of member at the firm..
"While our firm has evolved over the years, private equity is where it all began. Today, this asset class remains as important as ever as it continues to support companies and communities and meet the critical needs of our fund investors. We believe these promotions will enable us to maintain our leadership in private equity for decades to come," said Henry Kravis and George Roberts, co-CEOs and co-founders of KKR, in a news release Wednesday.
Based in New York, Mr. Stavros was head of the industrials investment team at KKR since 2010 and is co-chairman of KKR's inclusion and diversity council. Based in Menlo Park, N.J., Mr. Taylor was previously head of consumer retail-Americas.
Ms. Major said while there have been leaders in private equity specific to regions in the past, they are not replacing anyone.
Both based in London, Mr. Capriola was previously head of services-Europe, and Mr. Freise was head of the technology, media and telecommunications industry team for KKR's private equity business.
Mr. Hirano is CEO of KKR Japan and based in Tokyo; Mr. Shastry is head of Southeast Asia for KKR and based in Singapore.
KKR has $75 billion in global private equity assets under management.