New York State backs China-focused KKR spinout for $25 mln

David Liu, Julian Wolhardt, New York State Common Retirement Fund, KKR, private equity, pension fund
  • New fund led by David Liu, Julian Wolhardt
  • Both left KKR at the end of 2016
  • Dehong Capital to invest in Chinese buyouts
New York State Common Retirement Fund committed $25 million to a new China-focused vehicle managed by two former Kohlberg Kravis Roberts & Co executives. David Liu and Julian Wolhardt left KKR at the end of 2016 to launch Dehong Capital, which ...

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