KKR looks to sell renewable energy platform Virescent – EQ Mag Pro
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MUMBAI : KKR & Co. is looking to sell its maiden renewable energy platform Virescent, which, once completed, will mark the first exit for the private equity major’s inaugural Asia Pacific Infrastructure Fund from India, three people aware of the development said.
KKR began investing in Indian infrastructure in 2019 when it acquired a substantial stake in IndiGrid, a listed infrastructure investment trust, the owner and operator of power transmission assets. Since then, the fund has invested heavily in setting up platforms to house operating renewable and road assets. The infra investments come from its first Asia Pacific Infrastructure Fund that raised $3.9 billion. India makes up a significant part of the fund’s portfolio of investments.
Last month, KKR led a $450 million investment in Hero Future Energies, the renewable energy arm of the Hero Group.
Source: livemint
