KKR Financial LLC Announces Appointment of Andrew J. Sossen as General Counsel
September 14 2006 - 5:28PM
PR Newswire (US)
SAN FRANCISCO, Sept. 14 /PRNewswire-FirstCall/ -- KKR Financial LLC
("KFL") today announced the appointment of Andrew J. Sossen as
General Counsel of KKR Financial Corp. (NYSE:KFN). Mr. Sossen most
recently worked in the New York office of Simpson Thacher &
Bartlett LLP in the firm's corporate practice, specializing in the
areas of mergers and acquisitions and private equity and joined the
firm in 2002. At Simpson Thacher & Bartlett LLP, Mr. Sossen
represented both KKR Financial Corp. and KFL since their respective
formation in July 2004 as well as KKR Financial Corp.'s 2004 144A
equity offering and 2005 initial public offering. Mr. Sossen will
also be a member of the KFL distressed investment team and will be
involved in KFL investment strategies involving distressed
investments and reorganizations. Saturnino S. Fanlo, Co-Founder and
Member of KKR Financial LLC, said, "We are delighted to welcome
Andrew Sossen, who brings significant corporate, mergers and
acquisitions, and private equity experience and expertise.
Furthermore, Andrew's historical involvement with KFL and KKR
Financial Corp. since their respective formation in 2004 is very
beneficial." David A. Netjes, Co-Founder and Member of KKR
Financial LLC stated "Andrew's experience will add significant
strength to KFL's distressed investment team and further increases
KFL's intellectual capital base and will be beneficial as KFL
continues to expand the scope and nature of KFL's investment
activities." "Andrew is an excellent addition to KFL," commented
Scott C. Nuttall, Member of Kohlberg Kravis Roberts & Co. L.P.
"His professional experience and previous involvement with KFL and
KFN make him well poised to contribute significantly to our team."
Mr. Sossen holds a J.D. from the University of Pennsylvania Law
School and a B.A. in Diplomatic History from the University of
Pennsylvania. KKR Financial LLC KKR Financial LLC ("KFL"), through
certain wholly-owned subsidiaries, is the investment manager for
KKR Financial Corp., which is externally managed and publicly
traded on the New York Stock Exchange under the ticker symbol
"KFN", and the KKR Strategic Capital funds, a credit opportunity
strategy that includes the KKR Strategic Capital Fund, L.P., the
KKR Strategic Capital Overseas Fund, Ltd., and the KKR Strategic
Capital Institutional Fund, Ltd. KKR Financial Corp. had assets
totaling $16.3 billion as of June 30, 2006, and the KKR Strategic
Capital funds have capital commitments totaling $1 billion as of
September 12, 2006. KFL is an affiliate of Kohlberg Kravis Roberts
& Co. L.P. Contact: Investors, Laurie Poggi of KKR Financial
LLC, +1-415-315-3718; or Media, Roanne Kulakoff, +1-212-521-4837,
or Joseph Kuo, +1-212-521-4863, both of Kekst and Company, for KKR.
DATASOURCE: KKR Financial LLC CONTACT: Investors, Laurie Poggi of
KKR Financial LLC, +1-415-315-3718; or Media, Roanne Kulakoff,
+1-212-521-4837, or Joseph Kuo, +1-212-521-4863, both of Kekst and
Company, for KKR Web site: http://www.kkrfinancial.com/
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