Macquarie's Luboff to head KKR Asia infrastructure business

Luboff spent over 18 years at Macquarie Group, where his previous roles included CEO of Macquarie Specialized Asset Management. Most recently, he served as CEO of MIRA's first and second Asia infrastructure funds. He will be based in KKR’s Singapore office.

“Our strategy in Asia Pacific is to take the experience and expertise of KKR’s global platform and adapt it to local-market conditions to support local management teams to build world-class companies across the region,” said Ming Lu, head of KKR Asia, in a statement. “David is a proven leader and culture carrier who we are confident can help us leverage KKR’s strong local presence and execute on a strategy that brings this same approach to Asia’s infrastructure markets.”

Luboff’s appointment follows the close of KKR Global Infrastructure Investors III at $7.4 billion in September, with a mandate to pursue investments in a range of sectors including energy, transportation, water and wastewater, and communications. The GP’s infrastructure business has about $13 billion in assets under management, mostly in North America and Europe.

KKR is reportedly planning a separate fund focused on Asian infrastructure with a target of $1.5 billion. The firm has described Asia as an attractive part of its global investment strategy, with an array of macroeconomic and societal trends driving demand for infrastructure projects across diverse sectors.

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• Topics
• Infrastructure
• People
• GPs
• KKR
• Appointments