KKR Said to Hire Southergill to Lead Asia Real Estate

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.

KKR, run by Henry Kravis and George Roberts, plans to create a real estate fund, Nuttall said on the April 25 call.

“But it’s very early days on that,” he said. “We’ll give you an update in future quarters.”

To contact the reporter on this story: Hui-yong Yu in Seattle at hyu@bloomberg.net

To contact the editor responsible for this story: Kara Wetzel at kwetzel@bloomberg.net

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