KKR Bolsters Private Credit Platform with Seasoned Finance Executives

Strategic Expansion in Secured Lending and Receivables Financing

KKR, the prominent global alternative investment manager, has brought two accomplished financial professionals into its private credit division as Managing Directors in New York. The additions of Giacomo Picco and Stephanie Yeh represent a calculated move to enhance the firm’s capabilities in structured credit and asset-based finance strategies.

Reinforcing ABF Market Leadership

This recruitment drive strengthens KKR’s position in the asset-based finance sector, particularly in areas where traditional lending channels remain constrained. Picco will spearhead a new initiative focused on receivables and inventory financing solutions for corporate entities, while Yeh will collaborate on sourcing opportunities within the US ABF marketplace. The combination of their expertise aims to unlock non-traditional funding pathways and expand KKR’s reach among growth-stage and corporate borrowers seeking flexible capital solutions.

Executive Track Records

Giacomo Picco brings substantial experience from his tenure at Sound Point Capital, where he served as Portfolio Manager overseeing the Alternative Lending and Capital Solutions division. His earlier roles encompassed research leadership at KS Management, leveraged finance at The Carlyle Group, and advisory work at Lazard Freres, establishing a comprehensive foundation in structured credit.

Stephanie Yeh previously held the position of Head of Early Stage Financing at Credit Suisse, where she architected and scaled an early-stage financing practice. Her background includes significant experience in asset-backed securities and structured finance at Goldman Sachs, providing her with deep insight into emerging credit market segments and fintech-driven lending ecosystems.

Scale and Market Positioning

KKR’s credit operations command approximately $165 billion in assets under management as of mid-2021, with approximately $58 billion concentrated within its dedicated private credit platform. The asset-based finance business now operates with roughly 35 investment professionals distributed across multiple asset classes and geographies. Since inception in 2016, the ABF strategy has deployed over $4 billion across a diversified portfolio exceeding 40 transactions, demonstrating the firm’s sustained commitment to this market segment.

The broader KKR organization functions as a comprehensive investment platform encompassing private equity, structured credit, real assets management, hedge fund sponsorship, and insurance operations under The Global Atlantic Financial Group subsidiary, positioning the firm as a diversified alternative asset powerhouse.