KKR teams with GIC to form non-banking finance company in India

Kohlberg Kravis Roberts and Singapore's sovereign wealth fund GIC have formed a non-banking financial company to provide structured credit solutions in the real estate sector in India. This is KKR's second non-banking financial company in India. Since 2009, the firm has provided more than $2 billion of structured financing to 21 business groups in India through its credit and capital markets business.

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