KKR Augments Asset-Based Finance Investing with Appointments to Global Private Credit Team
KKR, a prominent global investment firm, announced the appointment of two new Managing Directors in its private credit team, focusing on specialty lending and asset-based finance (ABF) markets. Jim Lees and Vaibhav Piplapure bring over 45 years of combined experience and will enhance KKR's capabilities in identifying lucrative lending opportunities. Since 2016, KKR has invested over $4 billion in 39 ABF investments and currently manages approximately $156 billion in assets, including $49 billion within its private credit platform.
- Appointment of Jim Lees and Vaibhav Piplapure strengthens KKR's private credit team.
- Collective experience of over 45 years in ABF and specialty lending positions KKR for growth.
- KKR has deployed over $4 billion in 39 ABF investments since 2016.
- None.
KKR, a leading global investment firm, today announced the appointments of two Managing Directors in the firm’s global private credit team who will focus on sourcing investment opportunities in the specialty lending and private asset-based finance (“ABF”) markets. Jim Lees and Vaibhav Piplapure (“VP”) join the firm as Managing Directors based in New York and London, respectively.
“We are energized by the growth and evolution of non-corporate private lending,” said Dan Pietrzak, Partner and Co-head of Private Credit at KKR based in New York. “The addition of Jim and VP to our growing ABF team further bolsters our leadership in this space and we will continue to add senior resources to the team as we pursue the large opportunity set that we believe exists across a range of sectors and geographies.”
Messrs. Lees and Piplapure collectively have over 45 years of experience in ABF investments, specialty lending and structured finance and will join KKR’s 75 person private credit team, which includes 20 investment professionals focused on ABF investing.
Mr. Lees joins KKR from Wells Fargo Securities where he was Managing Director in the ABF business responsible for overseeing new client originations across a wide range of small and large specialty finance companies, financial institutions and alternative asset managers. Mr. Piplapure most recently served as Co-Head of Specialty Finance at M&G Investments where he helped to establish a business line focused on originating, structuring and investing in consumer and mortgage credit portfolio opportunities in Europe.
Matthieu Boulanger, Partner and Co-head of Private Credit at KKR based in London, said: “Jim and VP’s deep expertise and relationships in the private ABF markets will help us identify and access an even greater number of under-served and mispriced lending opportunities that offer our investors attractive and uncorrelated income.”
Since 2016, KKR has deployed more than
KKR’s credit business has approximately
About KKR
KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.
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