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 at the same as 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 chairman of a labor center of excellence at KKR. 

Prior to co-leading KKR’s Americas PE business, Taylor served in a number of leadership roles, including helping to 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 optimize the culture of collaboration that underpins the success we deliver for clients.”

Stavros and Taylor added: “We are honored 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 localized 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 customized portfolio solutions strategies.

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