Kohlberg Kravis Roberts & Co., which is raising more than $10 billion for a new buyout fund, hired David Liu, the former co-head of Morgan Stanley's Asian private- equity unit, to lead its investment activities in China.
Liu will be based in Hong Kong, where he worked for Morgan Stanley, KKR said today in a statement. The New York-based firm in October named Deryck Maughan, former vice chairman of Citigroup, to oversee its expansion in Asia.
Liu ``is one of the most experienced private-equity investors in China with a terrific track record of identifying and investing in the emerging industry leaders,'' George Roberts, a KKR cofounder, said in the statement. '
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