Mumbai: Global private equity firm KKR and Co. Lp co-founder Henry Kravis on Thursday said that the investment firm could invest in distressed assets in India and would use structured finance for such transactions.

The investment firm has KKR Special Situations Fund Lp, a $2 billion global purse focused primarily on distressed and event-driven investments and transactions in India will be made out of this fund.

“We may (even) consider taking a pool of non-performing loans from Indian banks," Kravis said.

KKR will also look at infrastructure financing in India and investments will be drawn from the global fund. In 2012, KKR’s infrastructure fund had a final close on over $1 billion, which, in addition to the $1.3 billion of already committed infrastructure-related separate accounts, brings total infrastructure committed capital to $2.4 billion.

In India, KKR has done two buy-out transactions so far. Kravis said doing buy-outs is “really tough" in emerging markets, more so in India due to the family-owned business structure.

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