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Business News 2nd September 2016

KKR Expands Asia Pacific Leadership Team in China, Korea and Singapore

KKR Expands Asia Pacific Leadership Team in China

KKR Expands Asia Pacific Leadership Team in China, Korea and Singapore

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.