KKR appoints new co-heads for APAC private equity business – report

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Private equity giant KKR has reportedly named its executives Ashish Shastry and Hiro Hirano as co-heads of its Asia Pacific private equity business.

Shastry will retain his position as head of the South East Asia unit, while Hirano will continue to head up KKR’s Japanese private equity operations, Reuters reported earlier this week.

Following their appointment, both executives will continue to report to KKR’s head of Asia Pacific, Ming Lu.

Shastry was previously an investment banker at Lehman Brothers before joining TPG Capital in 1998.

He was also a managing partner at Northstar Group for five years, until he joined KKR in 2016.

Hirano joined KKR in 2013 and previously worked at AlixPartners and the investment arm of Nikko Cordial Group. He is also on KKR’s Asian private equity investment committee and the Asia portfolio management committee.

KKR closed its third Asia-focused investment vehicle, KKR Asian Fund III, on $9.3bn of commitments back in June 2017

Earlier this month, KKR announced the appointment of Jan Baumgart as a director and head of real estate in Germany.

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