KKR Expands Asia Pacific Leadership Team With New Appointments in China, Korea, and Singapore
August 29 2016 - 11:00PM
Business Wire
Expansion Readies Pan-Asia Platform for Next
Decade of Investing
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 successor.
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 Microsoft
Corporation.
- 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 Greater
China.
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.
About KKR
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.Anita
Davisanita.davis@kkr.comorSteven
Okunmedia@kkr.com
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