KKR ropes in top team at Leafgreen Capital to boost Indonesia, SE Asia Credit unit

Private equity major Kohlberg Kravis Roberts & Co Ltd (KKR) has appointed Jaka Prasetya, former managing partner and founder of Leafgreen Capital Partners, as managing director to lead its credit and special situations initiatives in Southeast Asia.

Prasetya, who will be based in Singapore, will join the PE firm along with two of his partners at Leafgreen—Rahul Bhargava and Allan So—who have been hired as directors at KKR.

Prasetya will work closely with KKR’s private equity, credit and special situations teams to strengthen KKR's focus on Indonesia and Southeast Asia credit, the firm said on Tuesday.

“Indonesia continues to be a dynamic market for investment with great growth potential and positive demographics driving opportunities. With our first deal in the market in 2013, we look forward to exploring new opportunities to provide both equity and credit solutions to companies to suit their long-term needs,” Ming Lu, member & co-head of Asia Private Equity at KKR, said.

Prasetya, an MBA from MIT Sloan School of Management, has been managing partner of Singapore-based Leafgreen Capital, which provides mezzanine and structured growth funding in Southeast Asia with a focus on Indonesian opportunities, since 2011.

Prior to that, he worked as the managing director and head of Principal Investments Asia at Raiffeisen Bank International. He had also held various senior positions at United Fiber System and Deutsche Bank.

“With urbanisation, rising wages and a young and growing working class, we see excellent opportunities in Indonesia with good companies looking for varied financial solutions,” Prasetya said. 

On the other side, Bhargava joined Leafgreen in 2013 after spending 12 years at Henderson Global Investors, where he was founding member of the Asian private equity business. So joined Leafgreen in 2011; he also held structured-credit responsibilities at Société Générale, Standard Chartered, Calyon, J.P. Morgan and Centre Solutions in Hong Kong, and Salomon Smith Barney in New York.

KKR, a leading global investment firm that manages investments across multiple asset classes including private equity, has been actively backing Indian business houses through debt as well as equity funding.

It has invested in holding company of Avantha Group, Chennai-based industrial conglomerate Archean Group as well as a privately held holding arm of Apollo Hospitals Enterprise’s promoter, Magma Fincorp, Bharti Infratel, Coffee Day Resorts, Dalmia Cement (Bharat), Alliance Tire and Gland Pharma, among others.

(Edited by Joby Puthuparampil Johnson)

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