KKR Expands Energy Investment Team In Asia

Kohlberg Kravis Roberts & Co. (KKR) is expanding its energy & infrastructure team in Asia with the addition of two senior executives to the region.

Tony Schultz, former managing director at Australian energy investment firm EIG in Sydney, has been named KKR’s managing director. Schultz previously focused on energy, metals and mining investments in Asia Pacific at EIG.

Ash Upadhyaya, a director on KKR’s energy & infrastructure team in the U.S., will relocate to Singapore, according to a company announcement.

Both executives are expected to bring extensive investment experience to the Asian region.

"KKR aims to create a unique offering in the energy, infrastructure and natural resources market, and part of that comes from combining our local geographic knowledge with industry expertise," KKR’s Asia head Joe Bae and global head of energy & infrastructure Marc Lipschultz said jointly in the announcement.

KKR has been an active investor in the energy and infrastructure sectors for nearly three decades. KKR currently manages energy assets including oilfield services, petroleum, shale gas, social infrastructure, renewable energy and utilities assets.

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