Kohlberg Kravis Roberts & Co. has named Michael W Michelson and Alexander Navab as co-heads of the firm’s North American private equity business. They will be responsible for optimising the business and coordinating it with the other businesses of the firm.Michelson and Navab will report to co-founders Henry Kravis and George Roberts.
Michelson, based in the Menlo Park office, joined KKR in 1981. He currently oversees the North American healthcare industry team and serves on the firm’s private equity investment committee.
Navab, based in New York, joined KKR in 1993. Navab oversees the North American media and communications industry team and serves on the private equity investment committee.
“We are pleased that Mike and Alex will assume these important new responsibilities, which reflect the growth and diversification of the firm as a global institution,” say Kravis and Roberts in a joint statement. “Throughout their many years with KKR, they have distinguished themselves as highly successful investors and leaders. We are confident that Mike and Alex will make significant contributions as we continue to build on our leadership position in the private equity sector.”
D.C.