Two senior Kohlberg Kravis Roberts executives have taken on fresh responsibilities as the private equity firm continues to institutionalise internal operations and broaden its franchise.
Scott Nuttall, in addition to heading the firm’s financial services group, will now oversee all capital raising, distribution and broker-dealer activities, as 22-year veteran Perry Golkin “has decided to shift his focus to maintaining and building certain key investor relationships”, according to a statement.
Nuttall, who was at The Blackstone Group prior to joining KKR 10 years ago, will also oversee the hiring of a new head of distribution. This new hire will work alongside Craig Farr, a managing director who will become KKR’s head of capital markets.
KKR has also appointed Todd Fisher, the co-founder of its London office, to the newly created position of chief administrative officer. He will oversee the coordination and integration of the firm’s internal infrastructure, communication and global interaction, KKR said.
The role was created “due to our significant growth over the last few years”, KKR said. Fisher will continue to be based in London and sit on the firm’s investment committee.
In related news, Nino Fanlo and Dave Netjes, the founding partners of KKR Financial, have become members of KKR. This coincides with KKR’s decision to purchase outright the 35 percent of the credit investment platform that it did not own previously.
As part of the integration into KKR’s franchise, KKR Financial, or KFL, has been rebranded KKR Fixed Income.
“These initiatives will strengthen our fixed income activities by reducing the time spent by Nino, Dave and their team on day-to-day administrative functions and allowing them to maximise their successful collaboration with KKR’s investment professionals,” Henry Kravis and George Roberts said at a firm meeting last week, according to a statement.