Fund Management
KKR Stars Leave to Launch Fund
Two rising stars of private-equity company Kohlberg Kravis Roberts are leaving to start their own investment fund. Scott Stuart and Edwar...
Two rising stars of private-equity company Kohlberg Kravis Roberts are leaving to start their own investment fund.
Scott Stuart and Edward Gilhuly, both 45 years old, were widely believed to be the best and brightest of the next generation at KKR which is run by Henry Kravis and George Roberts.
Both Mr Stuart and Mr Gilhuly sat on KKR’s recently-formed six-member investment committee.
The two plan to launch a long-term equity-investment fund with no more than $1 billion, with their own money and capital from KKR. It will neither be trading-oriented like hedge funds nor seek controlling positions as most private-equity companies do.
KKR declined to comment on the departures.
