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.

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.