Craig Farr, head of credit and capital markets at KKR, is leaving the firm and moving to an external advisory role, confirmed spokeswoman Kristi Huller. Nat Zilkha and Alan Burke will take over on the credit side, while Adam Smith will lead capital markets. They will report to Scott Nuttall, head of global capital and asset management.
Alan Burke, who is based in Dublin, is the co-head of credit investment strategies. He joined KKR in 2014 as part of Avoca Capital, which he co-founded in 2002. Avoca was acquired by KKR last year.
Zilkha (pictured) is based in New York and joined the alternative investment firm in 2007. He is currently the co-head of KKR’s credit investment strategies and special situations. Prior to KKR, Zilkha was a member of the principal investment area of Goldman Sachs.
Farr has been with KKR for nine years. He came on board in 2006 from Citigroup, where he was co-head of the North American capital markets group. At the time, he was tapped to lead the new credit platform at the private equity firm.
KKR has seen a lot of growth and opportunities in its credit business and is in the process of raising its second special situations and US direct lending funds, as well as a maiden European direct lending fund, as PDI previously reported.