Paul E. Raether, a Kohlberg Kravis & Roberts Co. LP partner who has been involved in some of the firm's most significant buyouts, has been named honorary chairman of the Michael Lynch Memorial Foundation's ninth annual dinner.
So far, the foundation — named for a firefighter who lost his life helping to save the lives of others on Sept. 11, 2001 — has given $1.6 million in college escholarships to children of firefighters and other victims of 9/11. Last year's dinner raised more than $500,000.
This is the first time a private equity executive has chaired the dinner, noted Fred Lynch, a brother of Michael Lynch and CEO of Masonite International Inc., Tampa, Fla., in an e-mail.
Masonite was a KKR-backed company. Mr. Raether played a role in the growth of the company, which went through a prearranged bankruptcy in 2009, four years after KKR's $1.9 billion purchase. It emerged from Chapter 11 bankruptcy in June 2009.
This year's foundation dinner will be in Manhattan on March 28.