KKR expands APAC infra team with Macquarie hire

Based in Seoul, Keith Kim has joined the team led by another Macquarie veteran David Luboff.

KKR is strengthening its infrastructure team in Asia-Pacific with the appointment of Seoul-based Keith Kim, a source familiar with the matter confirmed to Infrastructure Investor.

Kim is joining the New York-based fund manager as a director for the infrastructure team after spending more than 10 years at Macquarie Group. According to his LinkedIn profile, he focused on the utilities, renewables, power, security and media sectors during his time at Macquarie.

KKR has already hired 10 people for its regional infrastructure team, the source said, without providing more details.

The firm declined to comment.

The source said Kim was currently the only member of KKR’s infrastructure team in South Korea and that he would be working closely with the firm’s investment team in the country.

KKR recently launched a new infrastructure strategy in Asia-Pacific, hiring David Luboff, another Macquarie veteran, in January, as head of Asia Pacific infrastructure. Luboff, who is based in Singapore, told Infrastructure Investor in August that the firm was aiming to hire around 12 people as part of the new infrastructure team.

Luboff said at the time that the firm’s aim was to invest in core assets in developing markets and core-plus assets in developed markets. He added that the focus would be on India, South Korea, Japan, the Philippines and south-east Asia.

“Our strategy is based on opportunistically pivoting our focus to invest where we see best risk-adjusted returns,” he explained.

Another source previously said that KKR had launched a new Asia-focused fund, KKR Asia Pacific Infrastructure Investors, in June. Infrastructure Investor reported in November that the vehicle was aiming to raise between $1.5 billion and $2 billion.

In April, KKR pursued its first deal for the strategy, acquiring a 57 percent stake in Indigrid, an Indian infrastructure investment trust, jointly with Singapore’s GIC. The vehicle was managing six electricity transmission assets and was aiming to add five more assets to its portfolio, according to a statement issued by KKR.