So, we all know now that William Sonnborn is leaving KKR.

Sonneborn, a former president at TCW, was brought in to build up KKR's fund business.

So what impact will his departure have on this arm? No, according to a KKR spokesperson.

In an email sent to MFWire, KKR spokesperson Kristi Huller stated:

Bill’s departure has no impact on our mutual fund business. Our investment teams and strategy remain the same and we remain committed to our mutual fund business.   

  The only change is that Bill Sonneborn was on the board of trustees of the mutual fund. Yesterday the Board elected Suzanne Donohoe as President and  recommended her election by  shareholders to the board of trustees and her appointment as Chairman. Ms. Donohoe has been involved with KKR’s mutual funds  since their inception.  Suzanne is a Member of KKR. She has over 20 years of experience in the asset management space both in her role with KKR and as Head of Goldman Sachs Asset Management International and head of Goldman Sachs Asset Management’s client business in North America and co-head of GSAM’s EMEA business.

Sonneborn will be succeeded by Craig Farr. In her email to MFWire, Huller had this to say on the subject:

Mr. Farr will lead the same team that has successfully managed to invest and grow the pool of credit assets that have been outperforming their relevant benchmarks for the last nine years.

Huller noted that the mutual fund products were launched at the Charles Schwab conference last year by KKR CEO and Co-Founder George Roberts.  Both funds continue to perform above the key benchmarks. KKR’s  vision for those funds is unchanged.  It is to continue to offer the same institutional quality products to individuals but deliver them in a  structure that they can access.  

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