Kohlberg Kravis Roberts announced on Thursday that it had hired David H. Petraeus, a retired general and former director of the Central Intelligence Agency, to serve as chairman of the newly created KKR Global Institute.
The new institute will focus on economic forecasts, communications, public policy and emerging markets. It will also assist the firm’s portfolio companies to expand globally, K.K.R. said. His team at the institute will include Ken Mehlman, the onetime chairman of the Republican National Committee, and Henry McVey, K.K.R.’s gobal head of macro and asset allocation.
“I have long known and respected General Petraeus and, on behalf of everyone at K.K.R., I welcome him to the firm. As the world changes and we expand how and where we invest, we are always looking to sharpen the ‘K.K.R. edge,†Henry R. Kravis, co-chief and co-founder of the firm, said in a statement. “With the addition of General Petraeus, we are building on the work we have done to understand the investment implications of public policy, macroeconomic, regulatory and technology trends globally.â€
General Petraeus resigned as C.I.A. director in November after having an extramarital affair with his biographer, Paula Broadwell. In April, the City University of New York said he would serve as a visiting professor for one year.
