David Netjes' house
By Champion3 @ 2012-08-23 07:05:31
David A. Netjes is a former executive (co-founder/COO) at KKR Financial Holdings, which was the the publicly traded fixed-income fund and debt affiliate of the much larger Kohlberg Kravis Roberts. KKR Financial was known as KFN and began in 2004 by issuing short-term debt to trade in much more lucrative mortgages. But it was hard pressed in the economic crash and by 2008 struggled to make payments in debt linked to its mortgage holdings as its stock dropped. In 2008, it was heavily restructured away from its original business model as a buyer of distressed debt when KKR took full ownership of the listed business by buying a 35% stake in KKR Fixed Income from the CEO and Netjes and then replaced them
He is currently head of The Wayzata Group LLC, a family investment office.
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