KKR puts off plan to float Rs 5,000-crore India-focused credit fund

KKR also saw a couple of major changes in its key management personnel recently

Global investment firm KKR has decided to put off its plans to float a Rs 5000-crore India-focused credit fund, said people in the know. They said the macro environment in the country was “not conducive” to launch the fund.

KKR, which manages $208 billion of assets globally, had met a few big global investors for the fund in the middle of 2019 as part of its roadshows.

“The macro-environment is not conducive. Credit flow in the country is chocked and companies are finding it difficult to get working capital. In this scenario, they (KKR) felt it is prudent to wait