As treasurer, Levin will be involved in the oversight of the firm’s balance sheet, including the $3 billion in net assets expected to arrive as a result of KKR’s complex deal to become a publicly-traded entity. The transaction, which closed on Oct. 1, combined KKR with
As head of investor relations, Levin will lead KKR’s efforts to communicate with public investors and industry analysts. He will also continue to work on strategic projects.
Previously, Levin helped build KKR’s capital markets business, worked in its private equity business and focused on strategic projects. Levin joined KKR in 2004 from Bear Stearns, where he worked in the merchant banking group.
Henry Kravis and George Roberts, co-founders of KKR, said in a prepared statement: “Jon’s new roles are important steps that will maximize the value of our capital for our investors, strengthen oversight within KKR, and ensure a constructive and robust dialogue with public investors. Jon is well positioned for these critical new roles because he has been instrumental in every step of the firm’s evolution over the past few years.”
KKR had originally hired executive recruiter Heidrick & Struggles to find an IR head last year, but the search was suspended due to KKR’s IPO postponements, according to sister publication PEHub. KKR asked Heidrick & Struggles to restart the hunt a couple of months ago but eventually chose to promote from within.