Kohlberg Kravis Roberts & Co. has promoted four professionals in its asset management department to run the firm's special situations and leveraged credit strategies.
The private equity firm appointed Jamie Weinstein and Nathaniel Zilkha from within to run its asset management global special situations strategy, which includes distressed debt, debtor-in-possession and rescue financing, as well as other structured investments.
Weinstein was previously a portfolio manager within KKR’s asset management department. He joined KKR in 2005. Zilkha joined the firm in 2007, after spending eight years in Goldman Sachs’ principal investment division, where he invested in private equity and principal debt transactions.
KKR also appointed Erik Falk and Chris Sheldon from within to run the firm's asset management leveraged credit strategy, comprised of leveraged loans, high yield bonds and structured products, including collateralized loan obligations.
Falk joined KKR in 2008 after spending eight years in Deutsche Bank’s credit business division, where he started the special situations proprietary trading group and co-headed the securitized products group. Sheldon, who was a portfolio manager within KKR’s asset management business, joined the firm in 2004 from Wells Fargo, where he dealt primarily with high yield bonds.
KKR launched its asset management business in 2004. As of Dec. 31, the group had $13.4 billion in assets under management through a publicly traded specialty finance company, structured finance vehicles and separately managed accounts. The group invests across the corporate credit spectrum, including secured credit, bank loans and high yield, mezzanine, distressed and debtor-in-possession financings.