KKR, a leading global investment firm, has recently announced the appointment of Suzanne Pietrzak as the new Global Head of Private Credit. This move is expected to strengthen KKR’s position in the private credit market and expand its capabilities in this area.
Pietrzak brings with her over 20 years of experience in the financial industry, having previously worked at Goldman Sachs and Blackstone. She has a proven track record of success in managing private credit investments and has been instrumental in building and growing businesses in this space.
In her new role, Pietrzak will be responsible for overseeing KKR’s private credit business globally, which includes direct lending, mezzanine financing, and distressed debt investing. She will also work closely with KKR’s other investment teams to identify and execute on investment opportunities across various sectors and geographies.
Private credit has become an increasingly important asset class for institutional investors seeking higher yields and diversification in their portfolios. According to a recent report by Preqin, private debt funds raised a record $146 billion in 2020, despite the challenges posed by the COVID-19 pandemic.
KKR has been actively expanding its private credit business in recent years, with assets under management in this area growing from $12 billion in 2015 to over $50 billion today. The firm has also made several strategic acquisitions to enhance its capabilities in this space, including the purchase of Avoca Capital in 2018 and the acquisition of Global Atlantic Financial Group’s alternative credit business earlier this year.
Pietrzak’s appointment is expected to further accelerate KKR’s growth in private credit and help the firm capitalize on the opportunities presented by the current market environment. Her extensive experience and expertise in this area make her a valuable addition to KKR’s leadership team and position the firm for continued success in the years ahead.
Overall, Pietrzak’s appointment as Global Head of Private Credit at KKR is a significant development for the firm and the private credit market as a whole. It underscores the growing importance of this asset class and highlights KKR’s commitment to expanding its capabilities in this area to better serve its clients and generate strong returns.
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- Source: https://zephyrnet.com/kkr-appoints-pietrzak-as-private-credit-global-head-pe-hub/