Greenhill hires former KKR executive

The New York-based investment bank has invited Kevin Bousquette to join its merchant banking business.

Independent investment bank Greenhill & Co. has hired Kevin Bousquette as a managing director based in the firm’s New York office. Bousquette will join the firm’s primary merchant banking business, Greenhill Capital Partners.

Bousquette, 49, worked for seven years at Kohlberg Kravis Roberts, during which time he served as a member of the board of directors of Duracell International, Beatrice Company and ConAgra Foods.

After leaving KKR, Bousquette served as the chief financial officer and then the chief operating officer of Sotheby’s Holdings. He left that position in 1998, after five years with the company, to pursue his personal interests.

Greenhill’s merchant banking unit launched its first venture capital fund in April. The fund, which raised $80 million in its initial closing, will focus on early-stage investments in technology services or business information services in the New York, Connecticut and New Jersey area.

Greenhill Capital Partners also manages two private equity funds. The firm’s first fund is reportedly worth $423 million and has had an internal rate of return of over 50 percent. Greenhill raised a second private equity fund last year, worth $875 million.

Greenhill was founded ten years ago by former Morgan Stanley investment banker Robert Greenhill. The firm went public in May 2004, and since then its market value has increased from $615 million to $2 billion.