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Alexander Navab, the former head of America’s private equity firm at KKR & Co., who founded his own company earlier this year, died unexpectedly, a spokesman confirmed Monday.

“It is with great sadness that we share the news of the premature death of our founder Alexander Navab. He died unexpectedly on Sunday while on vacation with his family,” Navab Capital Partners Institutional Investor said in a statement on Monday. Alex was an accomplished business leader and generous philanthropist who loved his family and played an important role in many people’s professional and private lives. Our thoughts and prayers are with his loved ones and we ask that their privacy be respected at this very difficult time. ”

He was 53. The company did not disclose the cause of death.

Navab launched Navab Capital Partners in April and worked to raise USD 3 billion for investments in healthcare, technology, media, consumer and financial services companies.

Navab worked for KKR for 24 years, according to his LinkedIn profile. According to Navab Capital, he held various management positions at the company, including chairing the Us Private Equity Investment Committee, chairing the US Portfolio Management Committee and a seat on the company’s management committee. .

“We are with a broken heart,” KKR founders Henry Kravis and George Roberts said in a statement on Monday.

“As a long-standing member of the KKR family, Alex was for many an excellent investor, manager, mentor and friend,” they said. “His business and philanthropic contributions will forever remain part of his remarkable legacy. Our deepest condolences to his family, who we know valued them more than anything else. ”

Navab began his career at Goldman Sachs, where he worked in investment banking, according to Navab Capital. Prior to joining KKR, he worked for James D. Wolfensohn Inc. in mergers and acquisitions.

Navab was a board member of Fidelity National Information Systems (FIS), the Council of Foreign Relations, Cornerstone Capital Group, and New York’s Presbyterian Hospital. He was also a member of the Board of Trustees of Columbia University and the Hamilton Project Advisory Council. Navab was a member of the executive committee of the George W. Bush Presidential Center and the board of the Robin Hood Foundation. He was about to set up a philanthropic foundation in his private equity firm.

“Alex joined the FIS Board of Directors just over a year ago and has made an important contribution and an invaluable resource for the company,” Gary Norcross, CEO of FIS, said by email. “He will be greatly missed.”

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