Kelly Park Management

Investment decision-making authority rests with the principal, Michael Michelson, a former senior partner at KKR. Michelson spent his career at the firm, retiring in 2015 after leading its financial services and retail practices. His direct oversight is typical of a single-family office where portfolio construction is a concentrated function without an investment committee reporting to multiple family branches.

Kelly Park Management is independent of KKR; there is no ownership or management link between the two entities. The connection is biographical: the principal, Michael Michelson, built his wealth during a multidecade career as a partner and industry team head at KKR. The family office represents the deployment of that personal capital, not a continuation vehicle or affiliated manager of the private equity firm.

No. The office is structured as a pure single-family office and does not market to or accept commitments from external limited partners. It does not sponsor commingled funds, nor does it participate in open co-investment clubs. All deployment activity is funded by the principal's balance sheet.

Kelly Park allocates across a mix of venture capital fund commitments, hedge fund investments, and direct public securities. The office has backed prominent technology venture managers, evidenced by past investment company registrations showing positions in funds managed by Thrive Capital and Andreessen Horowitz. The overall portfolio is built for long-horizon compounding without exposure to fund-level redemption pressures.

Charitable giving is conducted through the Michelson Philanthropies network and personal donations by the principal, not through the Kelly Park entity. Major gifts have supported the Metropolitan Museum of Art, The Dalton School, and Mount Sinai Health System, among other New York institutions. This keeps the family office's investment activities structurally and legally distinct from philanthropic commitments.