KKR’s Caflisch set for move to Hong Kong

 KKR’s Tim Caflisch is gearing up for his second move in seven years with the US alternative investment firm.

Tim Caflisch, a principal in KKR’s credit group in London, who originally started with the firm in San Francisco, will soon move to Hong Kong to work on Asian special situations investment. He’ll formally start working in the Hong Kong office in the fourth quarter, but has already been spending a lot of time there, and in Beijing and Tokyo to source deals.

Caflisch started at KKR in 2008, covering industrials, basic materials, real estate, lodging and energy services. He moved to London in 2011, joining the European special situations group, where he focused on the UK, Ireland, Benelux and the Nordics. His responsibilities in London will be assumed by other members of the group. 

KKR is in the process of raising money for its second special situations fund, which it’s targeting at between $2.5 billion and $3.5 billion and is already investing. Nat Zilkha, the firm’s new co-head of credit, has told PDI that he is seeing a lot more investment opportunities in Asia, particularly China and India, right now, so KKR has been adding more senior staff there. 

Caflisch, who is 29 and joined KKR shortly after graduating from Stanford University with a B.A. in Economics, made Forbes’ 30 Under 30 Finance list this year. He was credited with being a key investor on KKR’s special situations team and leading a €350 million investment into mattress company Hilding Anders and driving another deal with General Healthcare Group, one of the largest private health providers in the UK.