Kravis Says KKR to Fund Distressed India Firms Amid Slowdown
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KKR & Co., the buyout firm founded by George R. Roberts and Henry R. Kravis, plans to invest in failing Indian companies and in local banks as stressed loans climb to a decade high in Asia’s third-largest economy.
The private-equity firm, which has raised $2 billion for a global fund that will provide financing to distressed firms, may also consider buying a pool of bad loans from Indian banks, Kravis told reporters in Mumbai yesterday. Troubled Indian companies may get structured loans or equity from funds including the KKR Special Situations Fund LP, he said.