KKR named Dan Pietrzak global head of private credit. Most recently, Pietrzak served as co-head of private credit with Matthieu Boulanger, who is leaving KKR to pursue other opportunities.

“As traditional lenders pull back, scaled private credit investors have a real opportunity to provide capital to high quality issuers and the breadth and depth of our platform enables us to support issuers with bespoke solutions,” Chris Sheldon, co-head of global credit and markets at KKR, said. “Dan has been instrumental in helping build our private credit business into what it is today. We look forward to its continued growth under his leadership and are grateful to Matthieu for his contributions to KKR.”

Pietrzak has more than 20 years of investment experience. In addition to his responsibilities overseeing private credit, he is co-president and chief investment officer for FS KKR Corp. and sits on the boards of FSK and several of KKR’s credit portfolio companies.

KKR also announced that Michael Small, a partner in London who serves as a portfolio manager for the firm’s global junior debt strategy, will take on the additional responsibility for managing KKR’s direct lending efforts in Europe. Small has more than 20 years of credit investing experience. Prior to joining KKR in 2021, Small was a partner at Park Square Capital, where he served on the investment committee and executive committee and helped establish junior debt and direct lending businesses.