A large portion of the $6 billion raised by Kohlberg Kravis Roberts & Co (KKR) in its Asian II Fund could be deployed in Indian business ventures, reports suggest.
It may be learnt that the American private equity (PE) fund KKR raised $6 billion through Asian II Fund and this became the largest pan-Asian PE fund raised so far.
KKR invested over 25 percent of its first Asian fund in India, picking up stakes in half-a-dozen companies for $1.1 billion.
Sanjay Nayar, Member and Chief Executive of KKR India said he sees a lot of attractive business opportunities as
economic growth will eventually get restarted, combined with the need for long-term high-quality capital.
India offers a whole host of good investment opportunities and some key sectors will witness demand growth. What India needs to do as a country is to de-bottleneck the supply side, Nayar said.
KKR raised a $4-billion regional fund in 2007 and three years later a $1-billion China Growth Fund. Asia is a combination of developing Asia, which includes India, China and South-East Asia, and developed Asia, including Japan, Korea and Australia, said Nayar.
Leave a Reply
You must be logged in to post a comment.