KKR hires Greater China head, starts fundraising
The private equity firm has named CDFC’s Paul Yang to replace David Liu. The hire rounds out the regional deal team, as KKR enters capital-raising mode for its third Asia fund.
US private equity giant KKR has brought in a new head of Greater China, as it shifts into fundraising mode and broadens its China investment scope to include cross-border M&A and state-owned-enterprise restructuring.
Paul Yang, currently chief executive of Taiwanese merchant bank China Development Financial Corporation (CDFC), will join KKR in January. He replaces David Liu, who is leaving to found a new PE firm. Based in Hong Kong, Yang will lead a 20-strong team of professio…
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