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Petraeus Working for Private Equity Firm

By Greg Richter   |   Thursday, 30 May 2013 06:32 PM

Former CIA Director David Petraeus has a new job with private equity firm Kohlberg Kravis Roberts & Co.

The former Army general will chair a group to "study macroeconomic trends and government policies to assess their implications on the firm's investments," CNN reports.

The new group, called KKR Global Institute, will advise KKR's investment teams on due diligence, including in emerging markets.

KKR was one of the first firms with a formal ESG (environmental, social, and governance) policy, and KKR Global Institute is said to be the latest step in that effort. KKR hired former Republican National Committee chair Ken Mehlman in 2008 to head up public affairs.

"I am very pleased to join such a great team. I have watched KKR evolve as it adapted to the post-financial crisis world and became a go-to partner for companies worldwide," Petraeus said in a prepared statement. "I look forward to supporting the investment teams in their pursuit of the best opportunities for clients and also being a part of a new initiative to provide additional insights to KKR's clients and companies."

Petraeus and KKR co-founder Henry Kravis have known each other for years on the Council of Foreign Relations, and have sought a way to work together, CNN reports.

Petraeus ended his public career in November. He resigned as CIA chief after it was revealed he had an affair with his biographer.

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Former CIA Director David Petraeus has a new job with private equity firm.

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