Levin, who is also the company's treasurer, has been with KKR less than two years. Now he's jumping ship to the hedge fund world.
His new job is in his native Chicago, with $22 billion fund of funds Grosvenor Capital Management. He'll be in charge of business development, strategy, and new products at the firm.
According to Bloomberg, he'll depart this quarter.
Meanwhile, at KKR, his role, which involves both managing the balance sheet and communicating with investors -- will reportedly be split between two people. At KKR, Levin "worked closely with Scott Nuttall, head of global capital, and William Janetschek, KKR’s chief financial officer."
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