Advertisement

You will be redirected to the page you want to view in  seconds.

Petraeus gets job with investment firm

May. 30, 2013 - 08:37AM   |  
  • Filed Under

NEW YORK — Retired Army Gen. David Petraeus will take a new job with investment firm Kohlberg Kravis Roberts & Co. L.P. as he attempts to rebuild his reputation after an extramarital affair with a biographer triggered his resignation as CIA director last fall.

Petraeus, 60, will serve as chairman of the New York firm’s newly created KKR Global Institute. He was CIA director from September 2011 until last November. Before that, Petraeus served more than 37 years in the Army, where he rose to the rank of four-star general.

Petraeus served as commander of NATO forces in Afghanistan and also commanded forces in Iraq in 2007 and 2008, when violence in that country dropped following a surge in military forces.

KKR said Thursday that Petraeus will support its investment teams and portfolio companies when studying new investments, especially in new locations. The company did not detail terms of its agreement with Petraeus, but a spokeswoman said he will serve in a consultant’s role.

Petraeus has a doctorate from Princeton University and has written widely on international relations, military strategy and tactics, and national security issues. He also has taught economics and international relations at the U.S. Military Academy.

Petraeus will add the new job to a couple of teaching assignments. Earlier this month, the University of Southern California announced that he will join its faculty to teach classes and mentor ROTC members.

In April, Macaulay Honors College at City University of New York named Petraeus a visiting professor for public policy starting next August. He said in a statement released by Macaulay that he was looking forward to leading a seminar on the global economic slowdown.

KKR said the global institute will help it focus on issues that can affect its global investments. Those include public policy, regulatory and technology trends. The institute also will build on KKR’s push to help its portfolio companies expand globally.

KKR invests in companies and, in general, hopes to profit by selling them a few years later. KKR also has an asset management business, which invests in debt and equities, and a capital markets business, which arranges debt financing for deals and underwrites stock sales for other companies. It had $78.3 billion in assets under management as of March 31.

Shares of the company fell 12 cents to $19.99 Thursday before markets opened.

More In News

Start your day with a roundup of top defense news.

VA Home Loan
Rates

Search By:

Product Options:
Zip Code:

News for your in-box

Sign up now for free Military Times E-Reports. Choose from Money and Education. Subscribers: log in for premium e-newsletters.


This Week's Army Times

This Week's Army Times

This job will get you promoted
Army's new program elevates role of AIT platoon sgts.

Subscribe for Print or Digital delivery today!

Classifieds
MilitaryTimes Green Trusted Classifieds Looking to buy, sell and connect on Military Times?
Browse expanded listings across hundreds of military installations.
Faces of valorHonoring those who fought and died in Operations Iraqi Freedom and Enduring Freedom.
hall of valorThe Hall of Valor is a searchable database of valor award citations collected by Doug Sterner, a Vietnam veteran and Military Times contributing editor, and by Military Times staff.
Woman who cried rape
(3 replies)
   Last Post: TJMAC77SP
        May 3, 2014 1:32 PM
   Last Post: garhkal
        May 1, 2014 5:03 PM
Cliven Bundy
(45 replies)
   Last Post: Chief_KO
        Apr 26, 2014 9:49 AM
Handbooks

All you need to know about your military benefits.

Benefits handbook

Guard & Reserve All you need to know about the Guard & Reserve.

guard and reserve handbook