The supply of Chinese non-performing loans is rising, but they are likely to fall short of investor expectations, argue some debt specialists.
Capital waiting to be deployed is weighing on returns and pushing up buyout valuations. KKR’s response is to tweak the strategy for its latest Asian mega-fund to put money to work faster.
Conflicts of interest and strains are seen to be growing as more asset owners in Asia eye co-investments and direct deals. Regulators are watching the situation closely.
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.
The private equity firm shakes up its Asia leadership, with Ming Lu now sole head of Asia PE, as David Liu and Julian Wolhardt quit to start a new investment firm. It also has a new SE Asia head.
Emerald Media, set up to invest in media businesses in Asia, will look for opportunities in the Philippines, Thailand and Vietnam to add to KKR assets in India and Indonesia.