KKR Names Ming Lu as Sole Head For Asia PE, Expands Executive Team

Aug 30 2016 | 10:58pm ET

Global buyout firm KKR & Co. has named Ming Lu as sole head of the firm’s Asia private equity business amid a series of executive shuffles at the alternative investment company.

David Liu, KKR’s co-head of Asia Private Equity and head of China, and Julian Wolhardt are both leaving the firm at the end of this year, the company added. The two executives are leaving to form a new China-focused investment firm and will transition to KKR Advisors beginning in 2017. 

KKR also announced four new hires in its Asian operations, including Ashish Shastry as head of Southeast Asia, Zhen Ji and Hyoung Seok Lim as managing directors in China and South Korea, respectively, and Rob Yang as managing directors of KKR Real Estate in China.

KKR began investing in Asia in 2005, and has since announced and completed more than 60 transactions across the region representing over $10 billion of private equity investments. The firm’s current flagship $6 billion Asian Fund II is the largest private equity fund raised in Asia. 

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. The firm had $131 billion in assets under management as of June 30, 2016.

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