APAC: KKR poaches MIRA Asia exec for regional push

18 September 2018 - 12:00 am UTC

Singapore-based David Luboff, an executive director at Macquarie Infrastructure and Real Assets in Singapore, has resigned to join KKR & Co.

Market sources told Inframation‘s sister title SparkSpread Luboff will head KKR’s regional infrastructure effort.

Luboff had worked at Macquarie for 19 years.

He was a senior member of the infrastructure team and played a leading role in the raising the USD 3.3 billion Macquarie Asia Infrastructure Fund 2 (MAIF 2), which closed in April, and its predecessor fund MAIF 1.

In August 2017, the Philippines’ First Gen agreed to sell its 31.5% stake in the listed generator Energy Development Corp. to MIRA and to Arran Investment, an arm of the Singapore government’s GIC, for PHP 64.5 billion (USD 1.2 billion).

The investment went into both MAIF 1 and MAIF 2 and Luboff became a director of EDC.

MIRA has already invested USD 1.7 billion of MAIF 2 in renewables, petrochemical storage assets and toll roads in India, the Philippines, Singapore and China.

KKR has been looking to set up team in the region for the last few months, according to a source.

Luboff did not respond to a message seeking comment. Spokeswomen at Macquarie and KKR declined comment.

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