KKR Elevates Pietrzak In Credit Unit as His Co-Head Exits Firm

KKR & Co. is elevating Dan Pietrzak to the global head of private credit as the co-head of the division leaves the buyout firm.

Pietrzak has been co-head of private credit with Matthieu Boulanger, who is leaving to pursue other opportunities, KKR said in a statement Friday. Private credit is a $76 billion business within KKR, which represents about 15% of the firm’s assets under management, up from $8 billion at the start of 2017. Boulanger’s next role could not be immediately learned.

“Dan has been instrumental in helping build our private credit business into what it is today,” ...