- Global investment firm KKR recently announced it has hired Rob Salvagno from Cisco
Global investment firm KKR announced it has hired Rob Salvagno from Cisco as the co-head of its technology growth equity business in the U.S., according to TechCrunch.
KKR’s hiring of Salvagno is a big win for the investment firm as he has deep ties to the tech industry and oversaw a number of funding deals and acquisitions. At Cisco, Salvagno worked as the former VP of corporate development and head of the Cisco Investments arm. During his 20 years at Cisco, Salvagno also oversaw the launch of Decibel — which is Cisco’s early-stage investment fund.
“Our business has evolved significantly since we first launched our technology growth equity strategy over five years ago with a small team of five. Since that time, the growth of our business and the number of compelling investments we’re seeing around the globe have allowed us to not only expand our team, but also our technology experience, network and geographic reach,” said Dave Welsh, Member and Head of Technology Growth Equity at KKR. “With the addition of a tech industry veteran like Rob to our team, we’re excited to continue to build for the future and position ourselves well to capture the many investment opportunities we see ahead.”
KKR has invested about $2.7 billion in technology companies since 2014. Recengtly, KKR closed a $2.2 billion fund focused on growth technology investments across North America and Europe.
Some of the deals that Salvagno worked on include Cisco’s acquisition of Ensoft, Cisco’s acquisition of Sentryo, Cisco’s acquisition of Luxtera, Cisco’s recent investment in Plexo Capital, Cisco’s investment in Rookout, and Cisco’s investment in Luma Health.
