Kapil Singhal, former managing director and India Credit head at KKR & Co, has joined private equity firm True North as managing partner of its new credit business.
Singhal quit KKR late last year. He was leading KKR 's non banking finance arm KKR India Financial Services since February last year. He succeeded B V Krishnan, who quit KKR's credit arm in 2019.
"In his (Singhal's) partnership with True North, he will lead the efforts in establishing a best in class credit platform," True North said in a LinkedIn post.
Singhal joined KKR in October 2019. He used to look after the Edelweiss Special Opportunities Fund before joining KKR India Financial Services.
He was the head of India credit trading for almost four years at Goldman Sachs since mid 2011. He has also worked with financial services majors like ICICI Bank, GE Capital and Deutsche Bank since 1995.
"We will seek to deliver superior risk adjusted returns with capital preservation and current income trhough teh cycles by offering flexible capital solutions to well governed and underdeserved companies," Singhal said in the post.
True North is a new entrant in the private debt business which is led by majors such as KKR, Edelweiss, Piramal, IIFL and others.
Singhal is an alumnus of IIT Delhi and University of Delhi.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.