KKR opens office in Shanghai

The US private equity fund's new Shanghai office is its third in Greater China.

KKR said on Friday it was opening of an office in Shanghai, the US private equity firm’s third office in Greater China.

The company already has offices in Beijing and Hong Kong, and the Shanghai office is its eighth in Asia Pacific.

KKR manages the largest private equity fund dedicated to investing in the region, having closed its $9.3 billion Asian Fund III in May.

The firm has deployed more than $3 billion to support leading companies and entrepreneurs in Greater China since 2007.

"Our objective is to be the partner of choice to leading companies looking to enter a new phase of growth and expansion," said Joe Bae, co-president and co-chief operating officer of KKR in a statement.

As of August 1, KKR has completed 26 investments in asset classes ranging from private equity to real estate in China, partnering with leading local companies in areas such as consumer products and services, environmental sciences, education, financial services, health care and technology.

"China's dynamic economy continues to create exciting investment opportunities in companies with the ability to be domestic and international leaders in their respective sectors," said Paul Yang, KKR member and head of Greater China.

With this opening, KKR has offices in 20 cities across the globe, including in Beijing, Hong Kong, Mumbai, Seoul, Shanghai, Singapore, Sydney, and Tokyo, in the Asia Pacific region.

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