Mubashir Mukadam has been named European head of special situations for KKR Asset Management, a division of KKR, the firm announced today.
Mukadam, 37, joined in February and is based in London. He focuses on rescue lending and structured investments in Europe. He reports to Nat Zilkha and Jamie Weinstein, co-heads of special situations, a group that focuses on making opportunistic investments.
Most recently Mukadam was managing director at York Capital Management, a New York-based hedge fund with offices in London and Hong Kong. Before 2008, Mukadam served as a director of Deutsche Bank's distressed products group, a prop and broker-dealer desk in London.
The firm also announced that Zilkha has relocated to London from San Francisco. He will continue to report to Bill Sonneborn, head of KKR asset management. Before joining KKR in 2007, he worked for eight years with Goldman Sachs's principal investment area on private equity transactions.
"Nat's move to London underscores our commitment to building out our Special Situations strategy globally," Sonneborn said in a statement.
Zilkha said in a statement that the firm will build out the special situations team globally. More hiring of distressed-debt experts is expected with at least one associate position available in London. Last September, Jessica Beattie joined the firm's New York office to focus on secondary distressed and structured investments. She joined from Eton Park, a New York-based hedge fund. She has also worked in the special situations group at Goldman Sachs.
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