KKR and GIC start lending on Indian real estate

KKR has set up a real estate lending platform in India with an investment from Singapore’s sovereign wealth fund GIC. It is the second non-banking financial company (NBFC) set up by KKR in India reports Real Estate Capital's sister publication, Private Debt Investor, and it will provide structured credit solutions for the country’s real estate sector. KKR’s first NBFC was set up in 2009 allowing the New York-based firm to extend more than $2 billion of structured financing to 21 business groups in India.