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KKR in talks with ex-CIA director Petraeus about role

1 May 2013

220px-DCIA_David_PetraeusFormer US army commander and ex-director of the CIA David Petraeus could soon join buyout giant KKR, it is understood.

The firm is currently in talks with Petraeus, pictured, but it has not yet been decided what role he would have at the firm according to Bloomberg, which cited a person with knowledge of the matter.

Petraeus is friends with one of the firm’s founders Henry Kravis and the two talk often, the source said.

The four-star general stepped down as director of the CIA in November last November after his affair with his biographer Paula Broadwell, which was exposed by an FBI investigation.

KKR already has several high profile advisors including former Asda CEO Tony De Nunzio, ex-US ambassador to Saudi Arabia Ford M. Fraker and ex-Morgan Stanley chairman John Mack.

Last month New York-based KKR said fee-related earnings from its private equity, energy and infrastructure funds climbed eight per cent for the first quarter from a year earlier.

KKR’s carry value of its private equity portfolio increased 5.9 per cent, however, its economic net income (ENI) declined 10.9 per cent to $647.7m.

Earlier this week it was reported that KKR was considering making a bid for mining giant Rio Tinto’s interest in the Northparkes copper and gold mine in Australia.

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