KKR Financial Holdings LLC Announces Executive Appointments

SAN FRANCISCO, Nov. 4, 2010 /PRNewswire-FirstCall/ -- KKR Financial Holdings LLC (NYSE: KFN) ("KFN" or the "Company") today announced that on November 3, 2010, its board of directors appointed Chief Operating Officer Michael R. McFerran to the additional post of Chief Financial Officer.  Mr. McFerran will succeed Jeffrey B. Van Horn, who has been named Global Director of Tax for Kohlberg Kravis Roberts & Co. (together with its affiliates, "KKR") as well as Executive Vice President, Director of Tax for KFN.  KKR Financial Holdings LLC also announced that Nicole J. Macarchuk has been named the Company's General Counsel. All appointments were effective November 3, 2010.

"We're pleased that Mike McFerran will be taking on the additional role of CFO," said William C. Sonneborn, CEO of KFN and a Member of KKR. "As COO and a member of the management team, Mike has made significant contributions to KFN's progress and will seamlessly assume this additional role.  We thank Jeff Van Horn for his important contributions as CFO over the past four years and look forward to continuing to work with him.  Nicole Macarchuk's appointment as General Counsel further broadens and strengthens our management team, and we welcome her to KFN," Sonneborn said.  

Ms. Macarchuk joins KKR as a Director and also serves as General Counsel of KKR Asset Management LLC. Prior to joining KKR, Ms. Macarchuk served as Co-General Counsel and Managing Director at Och-Ziff Capital Management Group.  She holds a J.D. from Fordham University Law School and a B.A. from Fordham University.

About KKR Financial Holdings LLC

KKR Financial Holdings LLC is a specialty finance company with expertise in a range of asset classes. KFN's core business strategy is to leverage the proprietary resources of its manager with the objective of generating both current income and capital appreciation. KFN is externally managed by KKR Financial Advisors LLC, a wholly-owned subsidiary of KKR Asset Management LLC, which is a wholly-owned subsidiary of Kohlberg Kravis Roberts & Co. L.P. KFN executes its core business strategy through majority-owned subsidiaries. Additional information regarding KFN is available at http://www.kkr.com.

SOURCE KKR Financial Holdings LLC

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