Expansion Readies Pan-Asia Platform for Next Decade of Investing
HONG KONG--(BUSINESS WIRE)--
KKR today announced that the firm is making important additions to its
private equity investment team in Asia, specifically a change in
leadership in China and the addition of new senior investment talent in
China, Singapore and Korea.
Ming Lu, a Member of KKR and Co-Head of Asia Private Equity, has been
named sole Head of Asia Private Equity. KKR Members David Liu, Co-Head
of Asia Private Equity and Head of China, and Julian Wolhardt, are
leaving KKR at the end of this year to form a new China-focused
investment firm. They will transition to KKR Advisors beginning in 2017.
Ming Lu will serve as Interim Head of China until the Firm appoints a
Ming Lu will continue to report to Joseph Bae, who also will continue in
his role as Managing Partner of KKR Asia with offices in both New York
and Hong Kong.
"David and Julian have helped build the strong franchise we have in
China today, and we are proud of the foundation we have established. We
wish them well in the next stage of their careers," Henry Kravis and
George Roberts, Co-Founders and Co-CEOs of KKR, stated. "At the same
time, as we start our second decade of investing in Asia, we are
thrilled to be expanding our team and capabilities across the region
with new world class talent."
"We are extremely proud to have been part of KKR over the last 10 years
and to have contributed to building a leading Asian private equity
platform. As we go on to pursue our own entrepreneurial venture, we look
forward to finding opportunities to work in partnership with KKR in the
future," David Liu and Julian Wolhardt, said.
KKR's new appointments include the following:
Ashish Shastry, Head of Southeast Asia and Member of KKR,
Singapore. Mr. Shastry has more than 18 years of private equity
experience and joins from Northstar Group where he has served as a
Managing Partner since 2011. Prior to that he was a Partner and Head
of Southeast Asia at TPG Capital where he held various investment
roles since 1998.
Zhen Ji, Managing Director of KKR, China. Mr. Ji joins KKR from
CITIC Capital where he has served as a Managing Director since 2009.
Prior to that he held various investment and management roles at EQT
Partners (Hong Kong), Monitor Group (Beijing), Metainternet Inc. and
Hyoung Seok Lim, Managing Director of KKR, Korea. Mr. Lim has
over 23 years of management consulting and operational experience,
including 15 years at McKinsey and Company where he was a Partner in
its Seoul office. Subsequently, he served in various senior management
roles at LG Electronics, including Chief Operating Officer of its
European operations. More recently, Mr. Lim founded Compass LKL in
London, an advisory firm focused on providing cross border investment
solutions for Korean investors and companies.
Rob Yang, Managing Director of KKR Real Estate, China. Mr. Yang
joined KKR earlier in the summer as a Managing Director leading KKR's
Real Estate business in Greater China. Mr. Yang was previously with
The Blackstone Group, where he was a leader of Blackstone's China team
for the last nine years, helping to establish the firm's China real
estate investment platform and leading a number of key transactions in
Joseph Bae, Managing Partner of KKR Asia, said, "I am extremely excited
to welcome this incredible group of senior executives to KKR as we
continue to invest aggressively in the build- out of our regional
platform. Given the rapidly changing market conditions across the
region, it is imperative that KKR continues to deepen the investment and
operational capabilities in each of our core markets to maintain our
leadership position in Asia."
Today, KKR has seven offices in Asia with over 120 professionals and the
support of 15 operational executives at KKR Capstone. Since establishing
its Asia platform in 2005, KKR has announced and completed over 60
transactions across the region representing over $10 billion of private
equity investments. KKR's current flagship $6 billion Asian Fund II is
the largest private equity fund raised in Asia, is generating strong
returns for investors.
KKR is a leading global investment firm that manages investments across
multiple asset classes including private equity, energy, infrastructure,
real estate, credit and 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 at the asset level. KKR invests its own capital alongside its
partners' capital and brings opportunities to others 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.
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KKR & Co. L.P.
Source: KKR & Co. L.P.
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