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How KKR’s credit risks came crashing down The credit unit’s then CEO Sanjay Nayar (now KKR India’s chairman) saw big potential in structured corporate loans, which tend to offer higher interest rates than traditional bank loans but come with fewer creditor protections. (Photo: Mint)Premium Anto Antony, , Bloomberg A global investment behemoth’s sprint from boom to bust is a cautionary tale about India’s shadow-lending sector. With a growing number of foreign money managers looking for opportunities to sift through the wreckage of India’s debt markets, the story behind KKR’s tr...

Few asset managers have enjoyed more success in the riskier corners of credit than KKR & Co. But after a decade-long attempt to wring big returns from India, the Wall Street titan has become a cautionary tale for investors in one of the world’s most tantalising emerging markets. Rocked by the shadow-banking crisis that began rippling through India’s financial system 2 1/2 years ago, KKR’s local credit unit lost Rs 1,516 crore ($207 million) in the final nine months of 2019, wiping out nearly 40 per cent of its capital. While the unit posted a small profit last year as India’s centr...

How financial giant KKR’s big bet on lending in India went from boom to bust It has been a steep fall from grace for US financial giant KKR which extended about $800 mn of loans at its peak and was set to launch an India IPO. A+ Mumbai: Few asset managers have enjoyed more success in the riskier corners of credit than KKR & Co. But after a decade-long attempt to wring big returns from India, the Wall Street titan has become a cautionary tale for investors in one of the world’s most tantalizing emerging markets. Rocked by the shadow-banking crisis that began rippling through In...

Synopsis Rocked by the shadow-banking crisis that began rippling through India’s financial system 2 1/2 years ago, KKR’s local credit unit lost 15.16 billion rupees ($207 million) in the final nine months of 2019, wiping out nearly 40 per cent of its capital. Agencies When viewed in the context of KKR’s global business -- the firm oversees $234 billion worldwide, including about $75 billion in credit investments -- the losses suffered by the India unit are modest. Few asset managers have enjoyed more success in the riskier corners of credit than KKR & Co. But after a decade-long attem...

Steep Fall From Grace For KKR's Big Bet On India Credit After a decade-long attempt to wring big returns from India, the Wall Street titan has become a cautionary tale for investors in one of the worlds most tantalizing emerging markets Updated: January 28, 2021 6:25 pm IST Few asset managers have enjoyed more success in the riskier corners of credit than KKR & Co. But after a decade-long attempt to wring big returns from India, the Wall Street titan has become a cautionary tale for investors in one of the world's most tantalizing emerging markets. Rocked by the shadow-banking crisis that...