KKR’s New India Credit Fund Raises $160 Million

VCCircle reports that New York-based private equity firm Kohlberg Kravis Roberts & Co Ltd., (KKR) marked the pre-close of its second India-focused credit fund at $160 million, with the aim of finally closing  at $298 million  in a few months.  The company will invest in structured credit situations in either promoter holding entities or companies over two to three years.

B.V. Krishnan, head of KKR’s credit and capital markets business in India, told the Economic Times, “The idea is to back quality promoters and good businesses, helping them create a proper capital structure by cleaning up short-term liabilities, providing grown capital, and in some cases helping them consolidate their equity ownership.” The fund will have a private-equity approach for a debt market “which has done extremely well for us,” he added.

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KKR has been an active investor in India through both its PE and credit portfolio businesses; it is also active in the non-banking finance sector in India to give a push to its credit business.

 

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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