KKR Names Ken Mehlman to Lead Global Public Affairs and Further Drive Firm's Focus on Multiple Stakeholder Interests

Apr 16, 2008, 01:00 ET from Kohlberg Kravis Roberts & Co.

    NEW YORK, April 16 /PRNewswire/ -- Kohlberg Kravis Roberts & Co. today
 announced that Kenneth B. Mehlman, noted counselor on national legislative
 and public affairs initiatives, will join the firm as Managing Director and
 Head of Global Public Affairs, a new position.
     Mr. Mehlman will focus on constructive outreach to the numerous
 stakeholders of KKR and its portfolio companies around the world, including
 relationships with governments, third parties, and NGOs.
     He is currently a Partner at Akin Gump Strauss Hauer & Feld with a bi-
 partisan practice in legislative and regulatory counseling. He previously
 served in high-level positions on Capitol Hill and the White House,
 including as Chairman of the Republican National Committee and Campaign
 Manager of President Bush's successful re-election campaign.
     "We have been increasingly engaged with a wide range of constituents in
 recent years," said KKR co-Founding Members Henry R. Kravis and George R.
 Roberts. "As we continue to communicate the public benefits of private
 equity, Ken is a wonderful addition to our executive team, allowing us to
 expand and institutionalize our outreach to key groups across our
     "Ken is known for his innovative approach to stakeholder issues and has
 been applauded by Republicans and Democrats alike for his integrity and
 professionalism. We believe his leadership of a strategic public affairs
 function for KKR is an important step in our firm's continuing evolution
 and growth and offers our firm a competitive advantage in the future."
     Mr. Mehlman, 41, received his B.A. from Franklin & Marshall College in
 1988 and his J.D. from Harvard Law School in 1991. He is a member of the
 District of Columbia and Maryland Bars. Mr. Mehlman is a trustee of the
 United States Holocaust Memorial Museum, Franklin & Marshall College and
 the Strong American Schools Foundation. He is a member of the Council on
 Foreign Relations and also serves on the Council on Foreign Relations
 Climate Change Task Force, the Senior Advisory Committee of the Harvard
 University Institute of Politics, the board of directors at the National
 Endowment for Democracy and the executive leadership cabinet of the Martin
 Luther King, Jr. National Memorial Foundation.
     About KKR
     Established in 1976, KKR is a leading global alternative asset manager.
 The core of the Firm's franchise is sponsoring and managing funds that make
 private equity investments in North America, Europe, and Asia. Throughout
 its history, KKR has brought a long-term investment approach to portfolio
 companies, focusing on working in partnership with management teams and
 investing for future competitiveness and growth. Additional funds that KKR
 sponsors include KKR Private Equity Investors, L.P. (Euronext Amsterdam:
 KPE), a permanent capital fund that invests in KKR-identified investments;
 and two credit strategy funds, KKR Financial (NYSE:   KFN) and the KKR
 Strategic Capital Funds, which make investments in debt transactions. KKR
 has offices in New York, Menlo Park, San Francisco, London, Paris, Hong
 Kong, Beijing, and Tokyo. For more information, please visit www.kkr.com.
Contact: Ruth Pachman/David Lilly Kekst and Company (212) 521-4891/4878

SOURCE Kohlberg Kravis Roberts & Co.