Kissinger to advise Hicks Muse

The former US secretary of state is the latest senior political figure to join a US private equity house.

Henry Kissinger, the 79-year-old former US secretary of state, has joined the Europe Strategy Board of Texan-based private equity house Hicks, Muse, Tate & Furst.

Kissinger is expected to provide the firm with advice on macroeconomics as well as political issues that can impact its investment performance in Europe.

By agreeing to working with Hicks Muse, Kissinger has become the latest political grandee to take up a role in private equity. Hicks Muse international rival, The Carlyle Group, counts senior figures such as George Bush Sr. and former UK premier John Major among its advisers.

Hicks Muse has a E1.5bn fund to invest in Europe alongside its latest international vehicle, a $1.6bn fund closed earlier this year. The firm has already done a string of European deals, most notably in the food sector, and owns a large stake in Yell, the directories business it bought together with Apax Partners from British Telecom last year.