Global investment firm KKR said on Wednesday it has promoted six executives in the Asia Pacific, American and European private equity divisions.
In KKR’s Asia Pacific offices, Hiro Hirano and Ashish Shastry will co-lead the private equity business.
Hiro Hirano joined KKR in 2013 as chief executive of the firm's Tokyo-based Japan operations, a role he continues to hold. He previously managed Nikko Cordial Group’s investment arm and rose to become chairman.
In Singapore, KKR brought Ashish Shastry on board in 2016 to lead Southeast Asian operations after serving as a managing partner at Northstar Group. Before that, Shastry spent 13 years at TPG Capital.
“Our firm has evolved over the years, [but] private equity is where it all began,” said the KKR co-founders and co-chief executives Henry Kavis and George Roberts in a statement. “We believe these promotions will enable us to maintain our leadership in private equity for decades to come.”
In the United States, Pete Stavros and Nate Taylor will co-lead KKR’s regional private equity business while Mattia Caprioli and Philipp Freise will run its European equivalent.
"[We] are confident that with the new leadership and our strong team of dedicated executives, we are well positioned for the future," co-presidents and chief operating officers Joe Bae and Scott Nuttall said.
Founded in 1976, KKR has more than $205 billion in assets under management internationally as of June 2019. While the bulk of these - $75 billion - is in private equity, the firm manages a range of asset classes including infrastructure, real estate and energy.
KKR most recent private equity fund in Asia, Asia Fund III, raised $9.3 billion in 2017 and outstripped the company’s Asia Fund II to become the largest fund of its kind in the region at the time.
