The Principal Strategies group has a new home starting in January.
Members of the team, led by Bob Howard, will help bolster K.K.R.’s own services as the now-public firm seeks to expand beyond its core private equity businesses. The firm has been building out its fixed income and capital markets divisions.
“This is part of a strategic build out of our asset management platform,” K.K.R. said in a statement. “Our goal has been to add new capabilities and exceptional talent that allow us to strengthen our product offering and better service our clients. Bob and his team will be an ideal fit for that objective as we’ve been impressed with their investment experience and performance as well as their ability to manage risk.”