KKR moves into asset management

In a move to expand its offerings, the mega-buyout firm has hired TCW Group president William Sonneborn to develop traditional asset management lines such as public equity funds.

Kohlberg Kravis Roberts has hired TCW Group president William Sonneborn to help develop the mega-buyout firm’s traditional asset management business, PEO has confirmed.

Sonneborn will work with KKR’s existing team in order to develop business lines which are complimentary to the firm’s core private equity business.

The former money management head will help launch funds investing in publicly-traded stocks and will work with KKR’s $20 billion (€12.6

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