KKR & Co., the buyout firm preparing to raise its first fund for real estate, hired Bryan Southergill to oversee Asian property investments, said a person with knowledge of the situation.
Southergill hasn’t yet started at KKR, said the person, who asked not to be identified because the information is private. Southergill was a Hong Kong-based managing director and head of Asia real estate investing for a JPMorgan Chase & Co. (JPM) unit.
KKR has committed more than $650 million of equity in 10 property transactions since it started its real estate unit in 2011, with balance-sheet cash representing about half the capital used, Scott Nuttall, head of global capital and asset allocation at New York-based KKR, said on an April 25 earnings conference call. The division is led by Ralph Rosenberg, a former Goldman Sachs Group Inc. partner.
Steve Okun, a spokesman for KKR, declined to comment on Southergill’s hiring.
PERE, a publication of London-based PEI Media that covers the private-equity real estate business, previously reported the hiring.
“But it’s very early days on that,” he said. “We’ll give you an update in future quarters.”
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