KKR Elevates Domestic Private Equity Co-Heads to Global Roles

Peter Stavros and Nate Taylor were promoted to global co-heads of private equity, tasked with enhancing connectivity and supporting KKR’s investment model.

In a press release last week, $504 billion asset manager KKR announced that Peter Stavros and Nate Taylor have been named global co-heads of KKR’s private equity business, elevating the duo from their previous roles as co-heads of private equity in the Americas, which the duo had held since 2019.

“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,” co-CEOs Joe Bae and Scott Nuttall stated in the press release. “Over their nearly two decades at KKR, Nate and Pete have proven themselves as not only extraordinary investors, but true role models and leaders within the firm. They have also instituted a number of innovative frameworks for value creation, including broad based employee ownership and operational toolkits that have been instrumental in delivering value to our portfolio companies, their employees and communities, and for our clients.”

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As of December 31, 2022, KKR’s $165 billion private equity business included approximately 300 investment professionals looking after a portfolio of more than 200 companies in KKR’s private equity offerings—including its flagship private equity strategy—as well as middle market, healthcare growth, technology growth, impact and customized portfolio solutions strategies. The assets within KKR’s total private equity business have doubled since 2019.

CIO had previously reported that KKR is promoting an allocation of 40% stocks, 30% bonds and 30% alternatives, favoring more allocations to private equity, which “offers more robustness around diversification, and inflation protection for the macroeconomic environment ahead,” after stocks and fixed both provided negative returns in 2022.

Stavros holds a B.S. in chemistry from Duke University and an MBA from Harvard Business School and has been with KKR since 2005. He had led the industrials investment team, where he pioneered an innovative employee engagement and ownership model which has been central to a portfolio of successful investments including Ingersoll Rand and Minnesota Rubber & Plastics, among others, prior to his tenure as co-head of private equity in the Americas.

Taylor holds a B.A. from Dartmouth College and earned his MBA at Stanford University. Like Stavros, he has been with KKR since 2005, joining from Bain Capital. Prior to his tenure as co-head of private equity in the Americas, Taylor helped to build and grow the firm’s private equity business in the Asia Pacific region, establishing a firm presence in India. Taylor led the firm’s investment into Bountiful Company—sold to Nestle for $5.75 billion in 2021—US Foods and 1-800 Contacts, serving on the board of the latter two.