KKR says it has opened an office in Shanghai, marking the firm’s third office in Greater China following Beijing and Hong Kong and its eighth in Asia Pacific. The move highlights the U.S. private equity giant's confidence in the future of the Chinese economy.
KKR manages the largest private equity fund dedicated to investing in Asia, having most recently closed its US$9.3 billion Asian Fund III in May 2017. China is a core focus within KKR’s Asia Pacific strategy, and the firm has deployed more than US$3 billion to support leading companies and entrepreneurs in Greater China since 2007.
"The addition of a Shanghai office…underscores the importance we place on the Chinese market," said Joe Bae, co-president and co-chief operating officer of KKR, in an announcement. "Our on-the-ground presence in Shanghai also strengthens our abilit...
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