KKR, a global investment firm that offers alternative asset management, announced the appointment of Paula Campbell Roberts as chief investment strategist for Private Wealth.
In this newly created role, KKR says Roberts will work closely with the company’s Global Macro, Balance Sheet and Risk team to deliver investment insights for KKR’s private wealth partners, which include wirehouses, private banks, independent and regional broker-dealers, registered investment advisors and fintech platforms.
“Investors are rethinking the traditional 60/40 portfolio construction model and are increasingly looking towards alternative investments as a source of uncorrelated returns. Given our nearly five decades of experience investing in alternatives, we believe we are well positioned to help individuals meet their retirement needs,” Todd Builione, global head of private wealth at KKR, said. “Paula’s appointment underscores our commitment to building a market-leading wealth business that brings the best of KKR’s insights and alternative investment strategies to this important and growing segment.”
KKR manages nearly $70 billion in private wealth assets, as of Dec. 31, 2022, through relationships with private wealth firms and a network of financial advisors and registered investment advisors. Beyond real estate and credit, KKR has previously stated that the firm intends to have ways for individuals to access its investments in private equity and infrastructure in 2023. KKR expects private wealth assets to account for 30-50% of its annual fundraising over the next several years.
“I am thrilled to work with Todd, Henry and the private wealth team to deepen our relationships with private wealth firms and financial advisors by providing differentiated and trusted insights that help them navigate and thoughtfully incorporate alternative investments into their portfolios,” said Roberts.
Roberts was most recently managing director and global head of consumer and real estate macro and thematic investing. In this role, KKR says Roberts helped drive investing efforts across KKR’s global real estate, consumer private equity and credit businesses. Prior to joining KKR in 2017, she was an executive director at Morgan Stanley, where she managed coverage of the U.S. consumer sector. Roberts is a member of the Federal Reserve Bank of New York’s economic advisory panel. She also serves on the board of the American Friends of Jamaica and is a Lincoln Center Leadership fellow.
KKR’s private equity, credit and real estate investments are accessible for individual investors through a number of KKR-sponsored and third-party continuously offered registered funds.
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