KKR expands into asset-based finance, secured lending

KKR made two key hires for its global private credit team based in New York that increase the team’s capabilities within private asset-based finance.

Giacomo Picco was hired as a managing director and charged with a new effort focused on receivables and inventory financing. Stephanie Yeh has joined as managing director with responsibility for co-leading sourcing of ABF investment opportunities in the U.S.

“Giac’s deep background in receivables and inventory financing will help us to build new capabilities in secured lending to corporate borrowers and Stephanie’s expertise in early . . .

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