Global private equity group KKR & Co (KKR.N) is expanding its presence in Asia’s infrastructure sector with new hires and is looking at launching a new fund as project spending in the region picks up.

The firm has poached David Luboff, CEO of Macquarie Group’s Asia Infrastructure Fund, as its new head of Asia Pacific Infrastructure, people familiar with the matter told Reuters.

Luboff, based in Singapore, will lead the Asian operations of the firm’s infrastructure business from early next year, the people said. Reuters could not reach Luboff for comment.

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