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KKR moves into the DIFC.

Byline: (Staff Writer)

Kohlberg Kravis Roberts & Co. L.P. (KKR), which describes itself as "a leading global alternative asset manager", said that KKR MENA Limited has been granted a license by the Dubai Financial Services Authority to operate from the Dubai International Financial Centre (DIFC).

Led by Makram Azar, Managing Director and Head of Middle East and North Africa, KKR MENA is a newly formed subsidiary of KKR, especially created to do business from the DIFC. Its area of operations will cover the entire Middle East and North Africa (MENA) region. KKR MENA Limited will pursue private equity and infrastructure transactions in the MENA region and engage in the distribution of various KKR products.

Azar said: "We are delighted to officially launch KKR's office in the DIFC and our operations in the rapidly developing Middle East and North Africa region. There are a wide variety of attractive opportunities in these markets and our professionals here look forward to capitalising on KKR's global resources to build an exceptional franchise."

Established in 1976, funds that KKR sponsors include traditional private equity funds and KKR Private Equity Investors, L.P. (Euronext Amsterdam: KPE), a permanent capital fund that invests in KKR-identified investments; two credit strategy funds, KKR Financial Holdings LLC (NYSE: KFN) and the KKR Strategic Capital Funds, which make investments in debt transactions; and separately managed accounts focused on a variety of asset classes.

KKR has offices in New York, Menlo Park, San Francisco, Houston, Washington D.C., London, Paris, Hong Kong, Tokyo, Beijing, Mumbai, Dubai and Sydney.

2009 CPI Financial. All rights reserved.

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Publication:CPI Financial
Geographic Code:9CHIN
Date:May 12, 2009
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