Asia’s growing private equity sector has seen law firm Kirkland & Ellis send two of its partners to its Hong Kong funds practice.
 
Justin Dolling (pictured) and Albert Cho will move from the London and New York offices respectively in January 2009 to expand the Asian practice and respond to the region’s increasing significance for private equity.
 
“Moving these two experienced partners to Hong Kong reflects Asia’s growing importance in private equity fundraising and investment,” said Bruce Ettelson, partner in the private funds practice group.
 
The news comes as PE funds in Asia are reported to be beating their European counterparts in capital raisings. Research by Private Equity Intelligence found that, against the 31 funds in Europe that raised US$11.9bn, 25 funds based in Asia amassed US$12.5bn.