GIC and KKR partner for Indian real estate lending platform

The latter has total equity investments exceeding US$1.5b in India.

KKR, a global investment firm, has just recently established a non-banking financial company that will provide structured credit solutions to the real estate sector in India, with an investment from GIC, Singapore's sovereign wealth fund.

"While many lenders provide debt to this sector, there is a need for solution-oriented, non-dilutive capital for property developers. We intend to fill that gap and contribute to the continued development of India's residential and commercial real estate sectors,” said Ralph Rosenberg, Global Head of KKR Real Estate.

This is KKR's second NBFC in India. Through its first, KKR expanded its capabilities to provide solutions across the capital structure. 

During 2014, KKR initiated the real estate business in India by structuring and participating in three transactions with an aggregate amount of approximately US$190 million.

In private equity, KKR has been active in India since 2006, with total equity investments exceeding US$1.5 billion.