KREST Names Julia Butler As Chief Investment Officer

KKR

Appointment of veteran KKR real estate investor bolsters KREST’s senior leadership team to capitalize on the opportunity in private real estate

NEW YORK–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced that the Board of Directors of KKR Real Estate Select Trust Inc. (“KREST” or the “Fund”) has appointed Julia Butler to the newly created role of Chief Investment Officer (“CIO”) of KREST. A veteran real estate investor and Managing Director at KKR, Ms. Butler is now on KREST’s dedicated senior leadership team. She will oversee investment management for the Fund as it continues to scale its high-quality global portfolio of private real estate equity and credit investments and seeks to capitalize on opportunities in the current environment to create long-term value for investors.

“We have built KREST to provide individual investors access to the full breadth of KKR’s global real estate platform with a dynamic investment strategy designed to deliver attractive yield and long-term performance across different macroeconomic environments,” said Ralph Rosenberg, Chairman of KREST and Global Head of KKR Real Estate. “We are committed to building a best-in-class management platform as KREST continues to scale. Julia is a senior leader of our real estate business with two decades of experience investing across the real estate capital structure as both an equity and credit investor. She has played an integral role in scaling KKR’s real estate business to over $65 billion in assets under management and she will be a key contributor to the continued commercial success of KREST.”

KREST is designed to provide individual investors with access to income-oriented private real estate equity and debt investments managed by KKR. The Fund seeks to deliver on its objective of providing investors with stable, tax-efficient income and long-term appreciation in the private real estate asset class by focusing on three complementary strategy pillars: stabilized real estate, prime single tenant and real estate credit. As market conditions have evolved, KREST has utilized its flexible strategy to seek to optimize its portfolio across high-quality, income-oriented real estate equity and credit exposures.

Billy Butcher, Chief Executive Officer of KREST and Chief Operating Officer of KKR Global Real Estate, said: “We believe we are entering a once-a-decade real estate investing environment with the debt capital markets pullback creating potential attractive new investment opportunities for KREST. The addition of Julia to the team positions KREST ideally to take advantage of these opportunities to continue to deliver exceptional performance for our investors.”

“I am thrilled to join the KREST leadership team and look forward to working with Ralph, Billy and my colleagues across KKR to position the Fund for continued success,” said Ms. Butler. “We see significant opportunities on the horizon for private real estate investors with a long-term outlook, and expect 2023 to be a strong vintage for private real estate. I look forward to continuing to build on our thematic investing, rigorous portfolio management and investment discipline that leverages KKR’s global platform to deliver on further downside-protected growth.”

Ms. Butler joined KKR in 2017 and is a Managing Director on the Real Estate team. Prior to joining KKR, Ms. Butler was an Executive Vice President at iStar, a publicly-traded REIT, where she was responsible for sourcing, managing and executing on new investment opportunities in the US and Europe. Earlier in her career, Ms. Butler worked in the Treasury Department of The Walt Disney Company in Los Angeles, CA.Ms. Butler graduated cum laude from Harvard College with a B.A. in Government. She currently sits on the Board of Directors of Women in Need (WIN), NYC’s largest homeless organization for women and children, and is involved with several real estate organizations, such as the Urban Land Institute (ULI) where she serves as a council leader, the Commercial Real Estate Finance Council (CREFC), WX and others.

About KREST

KKR Real Estate Select Trust Inc. (“KREST”) is a continuously offered, 1940 Act-registered closed-end fund with REIT taxation that thematically invests in high quality, stabilized, income-oriented commercial real estate equity and debt. The fund is open to all investors with daily subscriptions and its primary investment objective is to provide attractive current income, with a secondary objective of long-term capital appreciation. KREST is managed by KKR Registered Advisor LLC, an affiliate of KKR & Co. Inc., and utilizes the experience and reach of KKR’s global real estate team and the resources available through the KKR platform. For additional information about KREST, please visit its website at www.krest.reit.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Media Contacts
Miles Radcliffe-Trenner and Julia Kosygina
+1 212-750-8300
media@kkr.com

Source: KKR

Categories: People

ARCH Venture Partners Announces Appointment of Jami Rubin as Venture Partner

Arch Venture Partners

CHICAGO — ARCH Venture Partners today announced the appointment of life sciences industry veteran Jami Rubin as Venture Partner.

“ARCH is committed to building an extraordinary team in support of our portfolio companies and we are extremely pleased that Jami has joined us,” said ARCH Co-founder and Managing Director Robert Nelsen. “She is an exceptional and recognized talent in guiding corporate strategy and transactions, with deep insight from her decades of experience as an analyst, investment banker, CFO, and board member.”

“I am thrilled to join the ARCH team as a Venture Partner. I have always been impressed with ARCH’s track record of identifying cutting edge technologies and forming transformational companies. I look forward to putting my decades of experience to work as a member of the ARCH team,” said Rubin.

Rubin has spent more than 30 years in the biopharma industry, as a long-time biopharma analyst, investment banker, board member and executive operator. Most recently, she was CFO of EQRx where she led the December 2021 public offering process, raising $1.35 billion in total capital, guided key strategic decision-making, and built a world class finance organization. She is a former partner at Goldman Sachs where she was ranked as a top pharmaceutical analyst and partner at PJT Partners. Over the course of her career, she played a key role in significant corporate transactions, including spinouts and M&A, with leading pharmaceutical companies including Pfizer, Abbott, AbbVie, Eli Lilly, and Mylan. Rubin serves as an Independent Board member and Audit Chair of Relay Therapeutics and holds a B.A. in history from Vassar College.

About ARCH Venture Partners
ARCH Venture Partners creates and invests in ground-breaking life science and technology companies. The firm is a recognized leader in commercializing technologies developed at academic institutions, corporate research groups and national laboratories. ARCH invests primarily in companies it co-founds with leading scientists and entrepreneurs, bringing innovations in life sciences and physical sciences to market.
For more information, visit www.archventure.com.

Contact:
Morgan Warners
FGS Global
Morgan.Warners@fgsglobal.com

Categories: People

KKR Names Dan Pietrzak Global Head of Private Credit

KKR

NEW YORK–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced it has named Dan Pietrzak as Global Head of Private Credit. Most recently, Mr. Pietrzak served as Co-Head of Private Credit with Matthieu Boulanger, who is leaving to pursue other opportunities.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230519005250/en/

Dan Pietrzak (Photo: Business Wire)Dan Pietrzak (Photo: Business Wire)

“As traditional lenders pull back, scaled private credit investors have a real opportunity to provide capital to high quality issuers and the breadth and depth of our platform enables us to support issuers with bespoke solutions,” said Chris Sheldon, Co-Head of Global Credit and Markets at KKR. “Dan has been instrumental in helping build our private credit business into what it is today. We look forward to its continued growth under his leadership and are grateful to Matthieu for his contributions to KKR.”

KKR’s private credit business includes direct lending, junior debt and asset-based-finance strategies and has grown from $8 billion at the start of 2017 to $76 billion today. KKR’s broader credit business manages over $200 billion of assets with a global team of approximately 190 investment professionals, including 110 dedicated to private credit.

Mr. Pietrzak has more than 20 years of investment experience. In addition to his responsibilities overseeing private credit, he is Co-President and Chief Investment Officer for FS KKR Corp. (NYSE: FSK) and sits on the boards of FSK and several of KKR’s credit portfolio companies.

The firm also announced that Michael Small, a Partner in London who serves as a portfolio manager for the firm’s global junior debt strategy, will take on the additional responsibility for managing KKR’s direct lending efforts in Europe. Mr. Small has over 20 years of credit investing experience. Prior to joining KKR in 2021, Mr. Small was a Partner at Park Square Capital, where he served on the investment committee and executive committee and helped establish junior debt and direct lending businesses.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life, and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Media
For KKR:
Julia Kosygina
(212) 750-8300
media@kkr.com

Source: KKR

Categories: People

Activa Capital boosts its investment team with the appointment of Valentine Loyer as Associate

Activa Capital

Activa Capital, the Paris-based independent private equity firm, is pursuing its development strategy
and announces the arrival of Valentine Loyer as Associate.

Valentine will reinforce the investment team in analyzing new opportunities.
Prior to joining Activa Capital, Valentine worked for 3 years at ISAI, within their Tech Growth/ LBO
team after a first experience in Mergers and Acquisitions at BNP Paribas. As a Tech investor,
Valentine was deeply involved in the investment and monitoring of the ISAI Expansion II vehicle, and
has participated in Invoke, Labelium and Hubvisory transactions.
Valentine, 27 y.o., holds a civil engineering degree from the University of Bath (UK) and graduated
from the ESSEC Business School.
Christophe Parier et Alexandre Masson, Managing Partners at Activa Capital, declared: “We are very
pleased to welcome Valentine in our investment team. Her industry and sectoral experiences are an
asset for Activa, as we are actively expanding our last investment vehicle.

About Activa Capital
Activa Capital is a French independent private equity firm, owned by its partners, characterized by a
proactive build-up strategy. It currently manages more than €300 million on behalf of institutional investors
by investing in French SMEs and ETIs with high growth potential and an enterprise value of between €20
and €100 million. Activa Capital assists them to accelerate their development and international presence.
To find out more about Activa Capital, visit activacapital.com

Press contacts
Alexandre Masson Christophe Parier Joséphine Barjot
Managing Partner Managing Partner Office Manager
+33 1 43 12 50 12 +33 1 43 12 50 12 +33 1 43 12 50 12
alexandre.masson@activacapital.com christophe.parier@activacapital.com josephine.barjot@activacapital.com

Categories: People

Bessemer Venture Partners promotes Kate Walker to Vice President

Bessemer

A collaborative investor, Kate is a champion of early-stage founders breaking technological boundaries.

By Bessemer Partners 5.10.23

At Bessemer, we believe collaboration is an essential value that underpins lasting, fruitful relationships between founders and investors. In that spirit, Bessemer Venture Partners congratulates Kate Walker on her promotion to Vice President. Since joining us in 2021, Kate has played an integral role supporting startup leaders as they transform and define their industries.

Kate primarily focuses on early-stage vertical software and internet opportunities. As a creative and strategic investor, Kate works closely with portfolio companies to develop go-to-market strategies and operating plans, recruit talent, and navigate key decisions.

In her time at Bessemer, Kate has helped spearhead investments across the Seed through Series B stages. She sourced HouseRX and works closely with Archy Dental, Beyond, and Loveseat, while also serving on the board of an unannounced seed stage vertical software investment. She is also involved with the firm’s investments in DeepL, Formally, and Kindred, among others.

“One of Kate’s superpowers is building community. She has a knack for identifying and earning the trust of ambitious founders. She always rolls up her sleeves to support entrepreneurs with advice, relationships, and empathy,” said Talia Goldberg, partner at Bessemer Venture Partners. “Founders are lucky to have her on their team. Kate has made valuable contributions to Bessemer. We are excited to see her continue to shine!”

On Atlas, Kate has contributed her perspectives on a wide breadth of topics, including synthetic media, community-led growth, virtual reality, soil sequestration, and consumerizing the private markets.

“Venture capital is at its core a people business. I’m fortunate to spend my days meeting with entrepreneurs that are at the forefront of technological innovation,” said Kate. “As an engineer by training, I love working with technical founders looking to take groundbreaking products and usher them to market.”

Kate began her career at Goldman Sachs before joining the investing team at Geodesic Capital. She received her bachelor’s degree in Science, Technology, and Society with a concentration in computer science from Stanford University, and later an MBA from Harvard Business School. Kate is a longstanding member of organizations supporting women in finance and tech; she started Synergist Network and is actively involved with All Raise and its VC Careers team, which helps women to break into and succeed in venture capital. In her free time, Kate is always on the go—whether cycling Hawk Hill or training as a triathlete.

Categories: People

ArcLight Appoints Leo Denault as a Senior Advisor

Former Chairman & CEO of Entergy to Partner With Leading Infrastructure Investor

BOSTON, May 9, 2023 /PRNewswire/ — ArcLight Capital Partners, LLC (together with its affiliates, “ArcLight”), a leading middle market infrastructure investor, has appointed Leo Denault, former Entergy Chairman & CEO, as a Senior Advisor and ArcLight Power Infrastructure board member. Mr. Denault will work with ArcLight on new investments across the power and utility infrastructure sectors.

“Leo is a renowned industry veteran who thoughtfully guided Entergy for many years, helping launch the company’s forward-thinking vision and positioning it for continued and long-term success,” said Dan Revers, Managing Partner at ArcLight. “We look forward to tapping his expertise in power generation and energy transition as a strategic resource to our firm.”

 

Mr. Denault was Chairman & CEO of Entergy for more than nine years before retiring from the position in 2023. Previously, he was executive vice president and CFO of the Fortune 500 company. Entergy currently serves 3 million electric customers through its operating companies in Arkansas, Louisiana, Mississippi, and Texas.

“The ongoing and accelerating transition from traditional energy sources to more sustainable infrastructure has created an attractive environment for experienced and skilled investors like ArcLight, and I am excited to collaborate with them to help drive the industry’s transformation,” Denault stated.

Prior to Entergy, Mr. Denault was vice president of Cinergy (now Duke Energy). He has an M.B.A. in Finance from the Indiana University Kelley School of Business, and a B.S. in accounting and economics from Ball State University.

About ArcLight
ArcLight Capital Partners, LLC is an experienced, middle-market, value added infrastructure investment firm. Founded in 2001, ArcLight helped establish infrastructure as an asset class by pioneering an asset-based private equity approach to investing in infrastructure and has since built an experienced and successful investment platform. Based in Boston, ArcLight’s investment team employs a value-added, operationally intensive investment approach that benefits from its dedicated in-house technical, operational, and commercial specialists and partners, as well as the firm’s approximately 1,800-person asset management operational partner. More information about ArcLight can be found at www.arclight.com.

Contact:
Joshua Greenwald
Stanton
646-379-7971
JGreenwald@stantonprm.com

SOURCE ArcLight Capital Partners

Categories: People

Linda Nerg appointed as Community and Event Specialist for Tesi

Tesi

Linda Nerg will start as Tesi’s new Community and Event Specialist in Tesi’s Communications team on May 8th, 2023. Linda moves to this role from Tesi’s investment teams, where she has worked as a Team Coordinator for the past 2.5 years. Linda holds an M.Sc. in Economics and Business Administration from Oulu Business School.

Prior to Tesi, Linda has worked at Business Finland and the Embassy of Peru in Finland.

Congratulations on your new role, Linda!

Tesi wants to raise Finland to the forefront of transformative economic growth. We develop the market, and work for the success of Finnish growth companies. We invest in venture capital and private equity funds and directly in growth companies. We provide long-running support, market insights, patient capital, and skilled ownership. tesi.fi | Twitter LinkedIn Newsletter

Categories: People

Kati Koivula appointed as Team Coordinator for Tesi

Tesi

Kati Koivula has started as a Team Coordinator supporting Tesi’s investment teams on May 8th, 2023. Kati joins Tesi from a Finnish law firm Roschier, where she has worked in various roles supporting their business operations. Kati holds a Master of Arts from the University of Jyväskylä, and she also has a Bachelor of Business Administration from Haaga-Helia University of Applied Sciences.

Warm aboard, Kati!

Tesi wants to raise Finland to the forefront of transformative economic growth. We develop the market, and work for the success of Finnish growth companies. We invest in venture capital and private equity funds and directly in growth companies. We provide long-running support, market insights, patient capital, and skilled ownership. tesi.fi | Twitter LinkedIn Newsletter

Categories: People

Latour’s founder Gustaf Douglas has passed away

Latour logo

It is with great sadness that we have received the information that Latour’s founder Gustaf Douglas today quietly has passed away.

Words can’t easily describe what a wonderful and compassionate person Gustaf was. With his genuine interest for the businesses and his ability to express himself, he inspired and engaged employees at all levels in the companies he worked with. Gustaf’s success as one of Sweden’s great global industrial builders all time is indisputable. His legacy now lives on in all the companies he helped to build, not least through the long-term sustainable corporate culture that now lives on in all of Latour’s companies. Gustaf was always ahead of his time.

Our thoughts today are with Gustaf’s wife Elisabeth, and his sons Carl and Eric with families. The grief and loss after him will be large.

Göteborg, May 3, 2023

INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson, CEO

For further information, please contact:
Olle Nordström, Chairman of the Board of Investment AB Latour +46 709 40 70 83
Johan Hjertonsson, CEO of Investment AB Latour +46 702 29 77 93

Categories: People

Cinven appoints Dr. Boris Gorella as CEO of Master Builders Solutions

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Cinven

International private equity firm Cinven today announces that it has completed the acquisition of Master Builders Solutions from Sika AG and that it has also appointed Dr Boris Gorella as CEO of the Company. In addition, Eric Bergé has been appointed as a member of the Advisory Board. Master Builders Solutions was formed through the combination of the admixtures operations of the MBCC Group in North America and Europe, and both admixtures and construction systems operations in Australia and New Zealand.

Dr. Boris Gorella joins Master Builders Solutions with more than 20 years’ experience in senior leadership roles, including significant experience in the chemical and basic material industry and a proven track-record as CEO. Over the last decade, Boris has developed businesses by accelerating growth, both organically and through acquisitions, and driving profitability across the whole value chain. He was previously CEO of Pfleiderer Group, a leading European manufacturer of engineered wood panels, where he was successful in expanding the business with a focus on product premiumisation and price-management. Prior to Pfleiderer Group, Boris was CEO of Beckers Group, a coatings provider for industrial applications with operations in 19 countries. During his time in this position, he helped develop the company into the global leader in coil coatings.

Boris is familiar with Master Builders Solutions, having operated as head of BASF’s Construction Chemicals Business Unit in Asia Pacific, as well as President of Evonik’s Construction Chemicals Business Unit in Asia. Boris received an MBA from INSEAD and a PhD in Chemistry from TU Berlin.

Eric Bergé has more than 20 years’ experience in the industry, having been President of the US operations at Parex, a constructions systems manufacturer, before becoming Managing Director of Chryso, a leading admixtures manufacturer, and then returning to Parex as CEO.

Dr. Boris Gorella commented:

I am very excited to join Master Builders Solutions, a company with world-class technologies, proven innovation capabilities, strong brands and very committed employees, at such a pivotal time for the business. As an independent company with construction chemicals at its core and under new ownership, I am looking forward to working with Master Builders Solutions’ management and the Cinven team to help the business realise its full potential through new opportunities and a long-term growth strategy.”

Pontus Pettersson, Partner at Cinven, added:

“We are very pleased that Boris and Eric will be joining Master Builders Solutions. They both have longstanding experience in the industrials sector, building businesses and empowering teams, and are both former executives of leading groups in the industry. We are convinced they will add great value to Master Builders Solutions  in its next phase of growth. Cinven is excited to build an independent, focused company, providing the support to achieve an ambitious growth strategy and we look forward to working closely with Boris and Eric to accomplish this.”

Cinven’s acquisition of Master Builders Solutions builds on its significant expertise in the admixtures market through its successful investment in Chryso. Under the Cinven Funds’ ownership, Chryso grew to become a leading player in the admixtures market.

The transaction underscores Cinven’s reputation as one of the leading investors in industrial carve-outs in Europe. Since 2020, Cinven has completed the carve-outs of TK Elevator from thyssenkrupp AG (2020), Arxada (formerly Lonza Specialty Ingredients) from Lonza Group AG (2021) and Envu (formerly Bayer Environmental Science) from Bayer AG (2022). Cinven is one of the leading investors in Germany and the wider DACH region. In addition to the aforementioned carve-outs, recent Cinven Funds’ investments headquartered in Germany include think-cell (2021) and dogado group (2023, combination with group.ONE), as well as Viridium Group (2019), STADA (2017) and Synlab (2015).

Categories: People