McVey Leaves Morgan Stanley Investment Management for KKR

Henry McVey has joined KKR as head of global macro & asset allocation. He will be an MD and based in New York. Previously, McVey was head of global macro & asset allocation for Morgan Stanley Investment Management. Prior to that, McVey was also a portfolio manager for Fortress Investment Group, focusing on global equities.

PRESS RELEASE

Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”) today announced the appointment of Henry McVey as Managing Director and Head of Global Macro & Asset Allocation. Mr. McVey, who will be based in New York, will help KKR and its clients assess global macro issues and trends across all of its investment disciplines, including private equity, hedge funds and public investing. Over time, Henry will help the firm build out its global macro and tactical asset allocation business.

Henry R. Kravis and George R. Roberts, Co-Chairmen and Co-Chief Executive Officers of KKR, stated: “At any given time, we have a diverse portfolio that offers unique insight into the business environment, and we believe we can better harness the data and trends we are seeing through our firm’s various investment strategies. Henry McVey has the right skills, expertise and investment acumen to help us better mine the data and trends we are seeing, which will, in turn, open up new market opportunities for KKR and its clients. His work will inform our investment processes across the firm while also adding a macro and asset allocation investing capability.”

Mr. McVey has 17 years of investment experience. Prior to joining KKR, he was Managing Director and Head of Global Macro and Asset Allocation for Morgan Stanley Investment Management (“MSIM”). At MSIM, he held lead portfolio management responsibilities and oversight of $8 billion in tactical asset allocation and global macro-related products. From 2007 to 2009, McVey was a Portfolio Manager for Fortress Investment Group LLC, focusing on global equities. Prior to Fortress, he was Morgan Stanley’s Chief U.S. Investment Strategist, during which time he was ranked Greenwich Associate’s #1 U.S. Portfolio Strategy Analyst in 2005 and #2 in 2006 and Institutional Investor’s All-America Portfolio Strategy Research runner-up.

Henry first joined Morgan Stanley in 1993 as a Research Associate. After completing his M.B.A. in 1997, he returned as a Senior Analyst covering financial institutions, ranking Institutional Investor’s #1 All-America Research Brokers & Asset Managers analyst from 2000 to 2003.

Henry is a board member at the TEAK Fellowship and serves on the investment committees for the Lincoln Center for the Performing Arts and St. Christopher’s School. He also serves on the advisory board to the Jefferson Scholarship at the University of Virginia. Henry holds a B.A. from the University of Virginia and an M.B.A. from the Wharton School of the University of Pennsylvania.

Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $61.0 billion in assets under management as of March 31, 2011. With 14 offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments. KKR complements its investment expertise and strengthens interactions with investors through its client relationships and capital markets platforms. KKR is publicly traded on the New York Stock Exchange (NYSE:KKR). For additional information, please visit KKR’s website at www.kkr.com.