KKR, a global investment firm, has hired Giacomo Picco and Stephanie Yeh as managing directors on the firm’s global private credit team based in New York. Picco leading a new effort focused on receivables and inventory financing and Yeh responsible for co-leading sourcing of asset-based financing investment opportunities in the US.

“We are delighted to welcome two new talented leaders to our team as we continue to grow our private credit platform,” said Dan Pietrzak, partner at KKR. “Giac’s deep background in receivables and inventory financing will help us to build new capabilities in secured lending to corporate borrowers and Stephanie’s expertise in early-stage financing across consumer finance, fintech and other ABF markets increases our connectivity and access to non-traditional opportunities in the ABF market.”

Picco was previously oortfolio manager and head of alternative lending and capital solutions at Sound Point Capital where he helped build the firm’s alternative lending business.

Prior to her new role, Yeh was head of early stage financing at Credit Suisse where, as a managing director, she helped launch the group and expanded the bank’s coverage to early stage clients across asset classes.