New office marks KKR's third in Greater China and eighth in Asia
Leading global investment firm KKR today announced the opening of an
office in Shanghai, marking the Firm's third office in Greater China
following Beijing and Hong Kong and its eighth in Asia Pacific. KKR's
presence in Shanghai further deepens its commitment to the Chinese
market and enhances the Firm's ability to provide companies with
value-added capabilities beyond capital investment alone.
KKR has built its investment platform in Asia Pacific with a focus on
developing strong country, industry and sector expertise, supported by a
global network of investment professionals, operational experts and
advisers. Today KKR manages the largest private equity fund dedicated to
investing in the region, having most recently closed its US$9.3 billion
Asian Fund III in May 2017. China is a core focus within KKR's Asia
Pacific strategy, and the Firm has deployed more than US$3 billion to
support leading companies and entrepreneurs in Greater China since 2007.
Joe Bae, Co-President and Co-Chief Operating Officer of KKR, said, "Our
objective is to be the partner of choice to leading companies looking to
enter a new phase of growth and expansion. The addition of a Shanghai
office — which complements our existing offices in Beijing and Hong Kong
— better enables us to fulfill that goal in Greater China and
underscores the importance we place on the Chinese market. Our
on-the-ground presence in Shanghai also strengthens our ability to
deliver deep, local expertise to Chinese companies. We are more excited
than ever about the compelling investment opportunities in the market."
As of August 1, 2017, KKR has completed 26 investments in asset classes
ranging from private equity to real estate in China, partnering with
leading local companies in areas such as consumer products and services,
environmental sciences, education, financial services, health care and
technology. KKR sees further opportunities to leverage its global
footprint, capital market and operational resources, and industry
expertise to support Chinese companies pursuing regional and global
expansion through cross-border deals.
Paul Yang, KKR Member and Head of Greater China, commented, "China's
dynamic economy continues to create exciting investment opportunities in
companies with the ability to be domestic and international leaders in
their respective sectors. Now with three offices located in Greater
China's major business hubs, we are even better positioned to help
businesses and entrepreneurs reach their full potential and compete in
global markets. The opening of a Shanghai office demonstrates our deep
commitment to China now and into the future."
With this opening, KKR has offices in 20 cities across the globe,
including in Beijing, Hong Kong, Mumbai, Seoul, Shanghai, Singapore,
Sydney, and Tokyo, in the Asia Pacific region.
KKR is a leading global investment firm that manages multiple
alternative asset classes, including private equity, energy,
infrastructure, real estate, credit and, through its strategic partners,
hedge funds. KKR aims to generate attractive investment returns by
following a patient and disciplined investment approach, employing
world-class people, and driving growth and value creation with KKR
portfolio companies. KKR invests its own capital alongside its partners'
capital and provides financing solutions and investment opportunities
through its capital markets business. References to KKR's investments
may include the activities of its sponsored funds. For additional
information about KKR & Co. L.P. (NYSE:KKR), please visit KKR's website
at www.kkr.com and
on Twitter @KKR_Co.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170810006305/en/
KKR Asia Pacific
Anita Davis, +852 3602-7335
Consulting (for KKR China)
Pui Shan Lee, +86-21-2315-1068
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