KKR taps successors to Kravis and Roberts

KKR appointed Joe Bae and Scott Nuttall co-chief executive officers as Co-Founders Henry Kravis and George Roberts remain actively involved as executive co-chairman of KKR’s board of directors.

The transition is effective immediately. KKR was co-founded by cousins Roberts and Kravis together with Jerome Kohlberg in 1976. Kohlberg died in 2015.

The now $429 billion alternative investment giant has evolved from a U.S.-focused private equity firm to a global financial services enterprise that invests across many alternative asset classes in addition to private equity, including leveraged and alternative . . .

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