KKR & Co. hired a pair of bankers from Barclays Plc and UBS Group AG as part of an effort to further expand its equity capital markets platform, which raised $20 billion in equity proceeds last year.
Andrew Kolmar, most recently a Barclays managing director, and Hannah Malter, who resigned last month as UBS’s head of equity capital markets syndicate in the Asia-Pacific region and a managing director, will join the New York-based alternative-asset manager this summer.
KKR says it has issued more equity in the public markets over the past decade than any other private equity firm. In 2021, it worked on initial public offerings and follow-ons for portfolio companies including AppLovin Corp., Academy Sports & Outdoors Inc. and PHC Holdings Corp., according to data compiled by Bloomberg.
KKR peers including Apollo Global Management Inc. and Blackstone Inc. have also built ECM platforms, which can decrease the fees paid to Wall Street banks and give the firms more control over how deals are executed.
Read more: BNN Bloomberg
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