Abu Dhabi Investment Authority acquires minority shareholding in KKR India Financial Services - The National:
"US private equity firm KKR said that on Monday the Abu Dhabi Investment Authority (Adia), one of the world's biggest sovereign wealth funds, has become a minority shareholder in its unit, KKR India Financial Services (KIFS), an alternative credit business that provides long term financing to companies and medium-sized enterprises. "India continues to be an underserved financial services market, with shallow capital markets and an over-reliance on banks for wholesale financing," said BV Krishnan, chief executive of KIFS. "KIFS has consistently provided flexible credit financing solutions to companies and shareholders, keeping in mind their long-term objectives for their business. ADIA's investment in KIFS gives us a high-caliber partner to work alongside as we further scale our platform and deliver creative solutions in the market.""
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