KKR restructures Asia leadership team

The new management structure, which was confirmed by a KKR spokesperson, comes as the firm increases its exposure to Asia up and down the capital structure and in multiple asset classes.

Liu (pictured) and Lu, heads of KKR in China and Southeast Asia, respectively, have seen their PE remits expand to cover the entire region. Justin Reizes, who leads the firm's activities in Australia, is now also supporting the build-out of an Asia-wide energy and resources platform, while Sanjay Nayar will supplement his duties as India head with work on KKR's credit and capital markets offerings in the region.

In addition, Scott Bookmyer will leave his role as Asia head of Capstone, which works with KKR portfolio companies on operational improvements, and become the firm's chief operating officer in the region. In this capacity, he will oversee key elements of KKR's Asia business operations.

Responsibility for Capstone's activities will fall to a leadership team comprising senior representatives from each geographic region within Asia.

KKR established a presence in Asia in 2005. Its debut regional private equity fund, with a corpus of $4 billion, was raised three years later and joined by a $1 billion China growth fund in 2010. Last year, the firm closed its second pan-regional fund at $6 billion.

Now with seven offices across the region, KKR's interests stretch beyond private equity and into areas such as credit, energy, real estate and capital markets. Notably, Bryan Southergill joined last year to build out the firm's Asia real estate platform and last month Jaka Prasetya of Leafgreen Capital Partners was appointed Indonesia head with a remit that also covers credit and special situations initiatives in Southeast Asia.

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