KKR hires from Deutsche Bank in Australia

The global firm has poached the bank’s head of leveraged debt capital markets Diane Raposio as it gears up to close a $6bn Asia Pacific fund – the largest-ever raised for the region.

In the latest move to strengthen its Asia Pacific team, Kohlberg Kravis Roberts has hired Diane Raposio as a director in both its Australia-based client partner group and capital markets team, KKR confirmed to Private Equity International.

She will be based in Sydney, although no specific start date has been revealed. 

Raposio joins from Deutsche Bank in Sydney where she was managing director and head of leveraged debt capital markets since 2007, as well as co-head of sub-investment grade credit since 2010. 

In the firm’s client partner group, Raposio will build and expand relationships with Australian investors across KKR’s investment platforms. She will also partner with the capital markets team to lead the structuring, syndication and distribution of Australia- and Asia-related products, including debt, equity, mezzanine or co-investments, according to the firm. 

To have flexibility in terms of how you partner with companies is critical, which is why we're pushing into other businesses

Joseph Y. Bae, managing partner, KKR Asia Pacific

“To have flexiblity in terms of how you partner with companies is critical, which is why we’re pushing into other businesses,” Joseph Y. Bae, managing partner of KKR Asia Pacific, said in a statement. “Private equity is not the form of capital that makes sense to everybody. KKR is evolving in a way globally – and certainly in Asia Pacific – where we have the flexibility to work up and down a capital structure to provide solutions. Having Diane join KKR will enable us to provide those types of solutions.”
KKR is bolstering its Asia Pacific team as it prepares to close a $6 billion Asia-focused fund. The fund is the firm’s second for the region and is expected to be the largest-ever Asian private equity fund raised. 

Most recently, the firm hired two directors for its Japan office, increasing the firm’s headcount in the country to 12 people, PEI reported earlier. 

Hiro Shimizu joined KKR Capital Markets, while Sakae Suzuki will join KKR Capstone, an independent consulting firm which focuses exclusively on making operational changes in KKR’s portfolio companies. 

Last year, KKR opened a Singapore office that will serve as the regional hub for the firm's Southeast Asian investments, which are overseen by Ming Lu, member and regional leader of Southeast Asia, and directors Kabir Mathur from Singapore and Ridha Wirakusumah from Indonesia.

Globally, KKR has $75.5 billion assets under management, and has $5 billion invested across 28 companies in Asia in both minority and control investments, according to the firm.