Kohlberg Kravis Roberts is looking to partner with European banks to tap into a possible €1.9 trillion pipeline of non-core and underperforming assets sitting on their balance sheets.
The US private equity signaled its ambitions this week with the hire of John Davison, the former head of global head of strategic investments at Royal Bank of Scotland, to lead Pillarstone, its new pan-European platform for non-performing loans.
