BEIJING, November 3, 2017 — China Great Wall AMC (International) Holdings Company Limited (“Great Wall International”) and global investment firm KKR today announced a strategic cooperation to invest in global leveraged lending products and explore strategic capital market initiatives in Asia. The cooperation brings together China Great Wall Asset Management Co., Ltd.’s (“GWAMCC”) asset management expertise in China and KKR’s investment experience and global network.
The parties will focus on opportunities in capital markets, specifically the leveraged loan sector, benefiting from the capital markets and investment expertise of KKR to strengthen the global growth of GWAMCC.
About Great Wall International
Great Wall International is a wholly-owned subsidiary of GWAMCC, which is one of the four major state-owned financial asset management corporations in the People’s Republic of China. GWAMCC was co-initiated and co-founded by the Ministry of Finance of the People’s Republic of China, the National Council for Social Security Fund and China Life Insurance Group Company on 11 December 2016, with a registered capital of RMB 43.15 billion. Its predecessor was China Great Wall Asset Management Corporation founded in 1999 under the approval of the State Council of the People’s Republic of China. Business of GWAMCC is comprised of non-performing assets business, asset management, banking, securities, insurance, trust, leasing, and investment. Currently, the service network of GWAMCC covers 30 provinces, autonomous regions, municipalities and the Hong Kong Special Administrative Region. For additional information about GWAMCC, please visit GWAMCC’s website at http://www.gwamcc.com
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 kkr.com and on Twitter @KKR_Co.