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KKR Boosts Private Credit Team as Its Asset-Based Lending Grows

  • Picco, Yeh join as managing directors in hiring push
  • Firm’s private debt unit hired for asset-based work in March

KKR & Co. expanded its global private credit team with two hires to further its reach within asset-based financing and secured lending.

The firm tapped Giacomo Picco and Stephanie Yeh as managing directors. Picco will lead a new effort focused on so-called receivables and inventory-backed debt, while Yeh will co-lead sourcing of ABF investment opportunities in the U.S., according to a statement viewed by Bloomberg. Both will be based in New York.