Ambassador Ford M. Fraker Joins KKR as Senior Advisor

KKR Continues Growth Strategy in Middle East Region
DUBAI, United Arab Emirates--(Business Wire)--
Kohlberg Kravis Roberts & Co. L.P. ("KKR") today announced the appointment of
Ambassador Ford M. Fraker, the former U.S. Ambassador to the Kingdom of Saudi
Arabia and former Chairman of private investment banking firm Trinity Group
Limited, as a Senior Advisor to the Firm.

Henry R. Kravis and George R. Roberts, Co-Founders of KKR, said, "With more than
30 years of experience as a Middle East commercial and investment banker and,
until recently, forging public policy and diplomacy in the Middle East,
Ambassador Fraker is an important addition to our leadership team in the region.
We are pleased he has decided to join the firm and welcome his advice, counsel
and professional expertise."

Led by Makram Azar, Managing Director and Head of Middle East and North Africa
(MENA), KKR began to establish a presence in the MENA region in 2008 and opened
an office in Dubai in 2009. Ambassador Fraker will work closely with Mr. Azar in
seeking investment opportunities and fostering relationships with investors
worldwide.

"Today`s economic environment underscores the need for private capital globally
and there are ample investment opportunities for experienced global investment
firms throughout the region. I look forward to working with Makram and the rest
of the team to further enhance KKR`s presence throughout the Middle East,"
Ambassador Fraker said.

KKR's Senior Advisors are part of the Firm's integrated model of value creation.
They include current and former senior executives who bring unique leadership
skills to complement the work of KKR investment professionals, the operational
executives at KKR Capstone and serve as liaisons to manage relationships with
our current and future investment partners.

About Ambassador Ford Fraker

Prior to serving as the U.S. Ambassador to the Kingdom of Saudi Arabia,
Ambassador Fraker had spent most of his career in the financial services
industry as a banker and a consultant in the Middle East. He began his career
with Chemical Bank where he worked from 1972 to 1979 in Lebanon, the UAE, and
Bahrain, ending as a Vice President and Regional Manager for the bank`s Bahrain
office. In 1979, he joined Saudi International Bank (SIB) where he spent 12
years in roles that included managing the General Banking, Credit and Client
Development units and serving on the bank`s Management Committee. In 1991, he
founded Fraker & Co, a consulting firm that specialized in the Middle East. In
1993, he joined MeesPierson Investment Finance (UK) Limited, where he was a
Managing Director responsible for placing U.S. and European investment products
with European and Middle Eastern institutional and private investors. In 1996,
he co-founded and later served as Managing Director and Chairman of the Trinity
Group Limited, a private investment banking firm, and also acted as a consultant
for Intercontinental Real Estate Corporation.

Ambassador Fraker graduated cum laude with a BA from Harvard University. Born in
Princeton, NJ, he speaks English, French and Arabic.

About KKR

Established in 1976, KKR is a leading global alternative asset manager. KKR's
franchise is sponsoring and managing funds that make investments in private
equity, fixed income and other assets in North America, Europe, Asia and the
Middle East. Throughout its history, KKR has brought a long-term investment
approach, focusing on working in partnership with management teams of its
portfolio companies and investing for future competitiveness and growth. Funds
that KKR sponsors include traditional private equity funds and KKR Private
Equity Investors, L.P. (Euronext Amsterdam: KPE), a permanent capital fund that
invests in KKR-identified investments; two credit strategy funds, KKR Financial
Holdings LLC (NYSE: KFN) and the KKR Strategic Capital Funds, which make
investments in debt transactions; and separately managed accounts focused on a
variety of asset classes. KKR has offices in New York, Menlo Park, San
Francisco, Houston, Washington D.C., London, Paris, Hong Kong, Tokyo, Beijing,
Dubai, Mumbai and Sydney. More information about KKR is available at:
www.kkr.com.

U.S.
KKR
Peter McKillop, 212-230-9475
Peter.McKillop@kkr.com
or
KKR
Kristi Huller, 212-230-9722
kristi.huller@kkr.com
or
Dubai
Finsbury Group
Simon Moyse, +971 50 1505869
simon.moyse@finsbury.com
or
London
Finsbury Group
Zoe Watt, +44 207 251 3801
zoe.watt@finsbury.com

Copyright Business Wire 2009