SAN FRANCISCO, July 27 /PRNewswire-FirstCall/ -- KKR Financial LLC ("KFL") today announced the following management team promotions for KFL and the KKR Strategic Capital Fund, L.P., an investment vehicle managed by KFL: * Derek Larson has been named a Managing Director of KFL. Mr. Larson previously served as a Director of the company. Mr. Larson, a Chartered Financial Analyst, holds a B.S. in Business Administration with special attainments in commerce from Washington and Lee University. * Christopher Sheldon has been named a Managing Director of KFL, and previously served as a Director of the company. Mr. Sheldon holds a B.A. from Denison University. * Geoffrey Jones has been appointed General Counsel of the KKR Strategic Capital Fund. Mr. Jones is currently Secretary and Acting General Counsel of KKR Financial Corp. Mr. Jones holds a J.D. from Pepperdine University School of Law and an M.B.A. with high honors from the Graduate School of Business of the University of Chicago. Mr. Jones is both a Certified Public Accountant and a Chartered Financial Analyst. * Michael McFerran, currently Chief Accounting Officer of KFL, has been appointed as Chief Financial Officer of KFL and the KKR Strategic Capital Fund, L.P. Mr. McFerran holds a B.S. in Business Administration from San Francisco State University and is a Certified Public Accountant. Nino Fanlo of KKR Financial LLC said, "We are pleased to announce these promotions and appointments. These enhancements to our management team reflect both the strength of our organization at all levels, and the continued focus and expertise that we bring to bear across all of our activities." KKR Financial LLC KKR Financial LLC ("KFL"), through KKR Financial Advisors LLC, manages KKR Financial Corp., a real estate investment trust (REIT) that is publicly traded on the New York Stock Exchange under the ticker symbol "KFN", and KKR Strategic Capital Fund, L.P., an investment vehicle sponsored by KKR Financial LLC. All of KKR Financial Corp.'s executive officers are officers of KKR Financial LLC. Contacts Investors Media Laurie Poggi Roanne Kulakoff or Joseph Kuo KKR Financial LLC Kekst and Company 415-315-3718 212-521-4837/4863 DATASOURCE: KKR Financial LLC CONTACT: Investors, Laurie Poggi of KKR Financial LLC, +1-415-315-3718; or Roanne Kulakoff, +1-212-521-4837, or Joseph Kuo, +1-212-521-4863, both of Kekst and Company Web site: http://www.kkrfinancial.com/

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