The new role aims to enhance coordination and communication across regions.

KKR, a global investment firm that offers alternative asset management as well as capital markets and insurance solutions, has announced that Pete Stavros and Nate Taylor have been appointed as global co-heads of KKR’s private equity business, worth $165 billion.

The private equity business has nearly doubled in assets under management since 2019, and they have served as co-heads of private equity in the Americas since that time, the firm said in a statement.

As global co-heads, Stavros and Taylor will work with regional PE leadership and teams around the world, adding responsibility for the firm’s private-equity businesses in Europe and Asia. The current co-heads of private equity in Europe and Asia will report to them. The move is designed to preserve KKR’s local-investing model, ensuring that the regions share investment themes, best practices and operational playbooks, and facilitate greater mobility of talent, the firm continued.

Previously, Stavros led the firm’s industrials investment team, and is the chairman of a labour centre of excellence at KKR. 

Prior to co-leading KKR’s Americas PE business, Taylor held a number of leadership posts, including helping build and grow KKR’s PE business in Asia Pacific, and establishing the firm’s presence in India.

Joe Bae and Scott Nuttall, co-chief executive officers of KKR, said: “We are incredibly proud of our strong track record in private equity and the firm’s leadership positions in the US, Europe and Asia. This new global role will further optimise the culture of collaboration that underpins the success we deliver for clients.”

Stavros and Taylor added: “We are honoured by this appointment and look forward to supporting KKR’s local investment teams by delivering the firm’s global network, resources and expertise to highly localised investment opportunities worldwide.” 

KKR’s private equity business includes about 300 investment professionals looking after a portfolio of more than 200 companies in KKR’s flagship private equity, middle market, core private equity, healthcare growth, technology growth, impact, and customised portfolio solutions strategies.

In the flagship PE business, the firm manages three regional funds and operates with local leadership and global connectivity. 

In a separate move, KKR, announced this week that Johannes Huth, partner and head of KKR EMEA, has been named chairman of EMEA, starting immediately. In his new senior role, Huth will focus on investing and helping to continue to scale the European business he has been building over the last 24 years. As chairman, he will prioritise his time on investing, sourcing new deals, deepening KKR’s industry and management team relationships, and supporting KKR’s portfolio companies, in addition to helping build KKR’s democratised private equity strategy, the firm said.