
KKR hires Goldman's Asia ex-Japan investment banking head
KKR has appointed Kate Richdale, formerly chairman of investment banking for Asia ex-Japan at Goldman Sachs, to the new position of head of strategy and business development for Asia Pacific.
Richdale, who is set to come in at the partner level, will work alongside the regional leadership team in helping KKR expand its platform into new business lines and investment strategies. She will also play a role in assisting existing businesses on deal origination and in managing key client relationships in Asia.
KKR closed its third pan-Asian private equity fund at $9.3 billion in 2017 and has a team of around 60 PE investment professionals in the region, supported by KKR Capstone, the firm’s operations division, and KKR Capital Markets. The GP has also stepped up its credit, real estate and infrastructure capabilities. Notable recent hires include John Pattar and David Luboff, who were brought in to lead the real estate and infrastructure platforms, respectively.
“Since we started investing in Asia nearly 15 years ago, KKR has grown from a private equity investor to a diversified alternative solutions provider spanning credit, capital markets, real estate and infrastructure. Our first phase of growth has focused on scaling our private equity business, and now we have the great opportunity to meet the growing needs of Asian businesses and entrepreneurs,” Ming Lu, KKR’s Asia head, said in a statement.
Richdale joined Goldman in 2013, initially as co-head of investment banking in Asia. Before that, she spent 13 years at Morgan Stanley, rising to head of investment banking for Asia Pacific.
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