KKR announces that Jeffrey B. Van Horn is now Global Director of Tax for KKR and Exec VP, Director of Tax for KFN

KKR Financial Holdings LLC has announced that it has appointed Chief Operating Officer Michael R. McFerran to the additional post of Chief Financial Officer.

Mr. McFerran will succeed Jeffrey B. Van Horn, who has been named Global Director of Tax for Kohlberg Kravis Roberts & Co. (together with its affiliates, “KKR”) as well as Executive Vice President, Director of Tax for KFN.

KKR Financial Holdings LLC also announced that Nicole J. Macarchuk has been named the Company’s General Counsel. All appointments were effective November 3, 2010.

“We’re pleased that Mike McFerran will be taking on the additional role of CFO,” said William C. Sonneborn, CEO of KFN and a Member of KKR. “As COO and a member of the management team, Mike has made significant contributions to KFN’s progress and will seamlessly assume this additional role. We thank Jeff Van Horn for his important contributions as CFO over the past four years and look forward to continuing to work with him. Nicole Macarchuk’s appointment as General Counsel further broadens and strengthens our management team, and we welcome her to KFN,” Sonneborn said.

Jeffrey B. Van Horn joined KKR in October 2004. Before joining KKR, he worked in various finance positions, including Senior Vice President of Investments, Chief Financial Officer, Treasurer and Secretary of AvalonBay Communities, Inc. and its predecessor, Bay Apartment Communities, Inc. Prior to that, Mr. Van Horn worked in various positions, including Tax Partner, for Arthur Andersen LLP serving clients in the real estate, leasing, reverse mortgage, private equity, and REIT industries. He was a member of Arthur Andersen’s firmwide Partnership and REIT Tax Specialty Teams. Mr. Van Horn graduated summa cum laude with a B.A. in Business Administration, concentration in Accounting, from California State University, Stanislaus. Mr. Van Horn is also a California-licensed Certified Public Accountant.

KKR Financial Holdings LLC is a specialty finance company with expertise in a range of asset classes. KFN’s core business strategy is to leverage the proprietary resources of its manager with the objective of generating both current income and capital appreciation