KKR names new head of Greater China

The private equity firm has named CDFC’s Paul Yang as David Liu’s replacement. The move rounds out the deal team as KKR kicks into fund raising mode.

KKR named Paul Yang as its new head of Greater China on Tuesday, replacing David Liu who is leaving to found a new private equity firm. 

Yang, currently CEO of Taipei-headquartered merchant bank China Development Financial Corporation “CDFC”, will join KKR in January.

The US private equity firm also revealed it was expanding its investment scope in China to include cross-border MA and state-owned-enterprise restructuring.

The hire rounds out KKR’s Asian deal team as the New York-headquartered firm kicks into fundraising mode. The firm is looking to raise $7 billion for its third Asian fund, according to people familiar...

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