K.K.R. Turns to Petraeus to Lead Its New Institute

By Mazzetti, Mark | International Herald Tribune, June 1, 2013 | Go to article overview

K.K.R. Turns to Petraeus to Lead Its New Institute


Mazzetti, Mark, International Herald Tribune


David H. Petraeus, who led U.S. military efforts in Iraq and Afghanistan before becoming director of the C.I.A., is to be chairman of an organization that will focus in part on economic forecasts.

Kohlberg Kravis Roberts, the U.S. private equity firm, has hired David H. Petraeus, a retired four-star general and former director of the Central Intelligence Agency, as chairman of the new KKR Global Institute.

The institute will focus on economic forecasts, communications, public policy and emerging markets, K.K.R. said in a statement Thursday. It will also help the firm's portfolio companies expand globally. Mr. Petraeus's team at the institute will include Ken Mehlman, the onetime chairman of the Republican National Committee, and Henry McVey, K.K.R.'s global head of macro and asset allocation.

"With the addition of General Petraeus, we are building on the work we have done to understand the investment implications of public policy, macroeconomic, regulatory and technology trends globally," Henry R. Kravis, co-chief and co-founder of the firm, said in the statement.

The announcement comes as Mr. Petraeus gradually re-enters the public sphere after an extramarital affair with his biographer, Paula Broadwell, led to his resignation as C.I.A. director. It was an ignominious end to a government career that had a meteoric rise after the attacks of Sept. …

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