David Luboff has been hired as member and head of KKR’s Asia Pacific Infrastructure. He is based in KKR’s Singapore office and will lead the Pan-Asian operations of KKR’s global Infrastructure business.
Luboff joins KKR from the Macquarie Group, where he spent more than 18 years. Most recently, he was CEO and investment committee member of Macquarie’s Asia Infrastructure Funds (MAIF) I and II and was a senior managing director at Macquarie Infrastructure and Real Assets (MIRA).
Raj Agrawal, KKR member and global head of KKR’s infrastructure business, said, “We are delighted to welcome David to the leadership team of our global infrastructure business. Our strategy in Asia Pacific is to take the experience and expertise of KKR’s global platform and adapt it to local-market conditions to support local management teams to build world-class companies across the region,” said Ming Lu, member and head of KKR Asia.
Luboff has held other prior senior roles within MIRA including CIO and CEO of Macquarie Specialized Asset Management, as well as CFO of ASX-listed MAp Airports. He holds a Bachelor of Commerce (Actuarial) and a Bachelor of Applied Finance from Macquarie University.
Established in 2008, KKR’s infrastructure team consists of more than 28 dedicated investment professionals who handle transactions across a range of subsectors and geographies. KKR’s infrastructure business manages approximately $13 billion in assets under management.
Luboff’s appointment follows the recent close of KKR’s latest Global Infrastructure fund (KKR Global Infrastructure Investors III) in September 2018. The $7.4 billion fund focuses on pursuing global infrastructure investment opportunities across a number of different infrastructure subsectors, geographies and asset types with an emphasis on investments in North America and Europe.
In additional news, KKR formed a joint venture with SemGroup Corporation to create a Canadian midstream infrastructure platform, SemCAMS Midstream ULC (SemCAMS Midstream).