George Diaconu is a leading expert in Private Markets Portfolio Management and Customized Portfolio Structuring, with leadership responsibility for over $160bn in AUM at KKR and Partners Group. He has designed and managed some of the industry’s most complex multi-asset portfolios, including KKR’s proprietary balance sheet investments. George’s expertise spans Private Equity, Real Assets, Private Credit, and Structured Credit, and he has built portfolio solutions for institutional clients across all geographies and segments. He also led workstreams in deal underwriting, asset allocation, and risk management for KKR’s balance sheet. Over his career, George has set new industry standards in Private Markets Portfolio Construction, Balance Sheet Portfolio Management, and Collateralized Fund Obligation (CFO) structuring.
KKR: Led several Portfolio Management and Asset Allocation verticals:
- Managed $13bn+ in assets for the KKR Balance Sheet Investment Portfolio: Underwrote investments across Private Equity, Real Assets, Private Credit and Structured Credit; executed Structured Capital transactions; led Asset Allocation and Risk Management for the firm’s proprietary capital
- Head of Asset Allocation for Strategic Client Accounts: Allocated capital for $15bn in multi-asset institutional portfolios across existing and near-close mandates. Portfolios included KKR’s largest SMAs with leading pensions, insurers, sovereigns, and endowments across the Americas, Asia, and Europe
- Global Head of Portfolio Construction for $120bn+ in AUM: Built, institutionalized and managed KKR’s central Portfolio Strategy unit advising senior management, investment committees, and heads of investment teams
- Committee membership: Private Equity & Infrastructure Portfolio Management Committees, Balance Sheet Investment Committees, Strategic Partnerships Investment Committees, Firmwide Market Risk Committees
Partners Group: Led Private Markets investing for $40bn+ in AuM
- Head of European Portfolio Management ($25bn+ in SMAs and Evergreen AuM)
- Global Co-Head of Private Equity Portfolio Management ($15bn in Fund AuM)
Structured Capital Solutions: Structured over $7.5bn of Collateralized Fund Obligations (CFOs), Rated Funds and Structured Secondaries at KKR and Partners Group, of which $5.5bn in closed transactions. Led the structuring of some of the most strategically significant and innovative PrivateMarkets CFOs to date.
George studied Financial Engineering and Financial Economics at UC Berkeley, the London School of Economics, University of St Gallen and Harvard.
