Kohlberg Kravis Roberts & Co. L.P. announced an agreement to invest in Catalio Capital Management, LP, a multi-strategy investment firm focused on breakthrough biomedical technology and innovative health care companies. The addition of new capital is expected to accelerate Catalio's growth trajectory and talent acquisition, as well as anchor its investment strategies.

Pursuant to the agreement, KKR is acquiring a minority economic stake in Catalio and will invest in Catalio's funds. Henry Kravis, Co-Founder and Co-Executive Chairman of KKR, will be named as the Chairman of a new Board of Advisors for Catalio that will help guide the strategic growth of the business. Members of the Catalio Board of Advisors will include, among others, Alex Gorsky, the retired Chairman & CEO of Johnson & Johnson, Andrew Liveris, the retired Chairman & Chief of Dow Chemical Co., Dina Powell McCormick, the Vice Chairman & President of Global Client Services at BDT & MSD, and Tim J. O'Neill, a longtime Partner and retired Co-Head of Goldman Sachs Asset Management.