KKR, the New York-based global investment company has announced that it has appointed Rob Salvagno as the Co-head of the company’s technology growth equity business.
Rob is the former Vice President of corporate development and Head of Cisco Investments, who had led all acquisitions and mergers, and venture capital investments in his previous firm.
Dave Welsh, the Head of Technology Growth Equity and Partner in KKR states, “Our business has evolved significantly since we first launched our technology growth equity strategy over five years ago with a small team of five. Since that time, the growth of our business and the number of compelling investments we’re seeing around the globe have allowed us to not only expand our team, but also our technology experience, network and geographic reach.” He adds, “With the addition of a tech industry veteran like Rob to our team, we’re excited to continue to build for the future and position ourselves well to capture the many investment opportunities we see ahead.”
Since 2014, the amount that KKR has invested in tech companies is $2.7 billion. KKR, along with its team of 19 investment professionals, has established itself as a renowned giant in late-stage tech investment. The company has recently closed its $2.2 billion round focused to grow technology investment in Europe, North America and Israel. Dave has also pointed out the companies focus towards application development software and security technologies and said that it will remain a core focus for the company.
In a statement, Dave mentions, “Rob has an extensive background in security, infrastructure, software and app dev and dev ops, a background which we believe will complement the existing teams’ skillset very well, and our focus areas for our second firm will be similar to the prior fund, namely a heavy focus on software with some additional focus on consumer internet, fintech/insurtech and tech enabled services.”