💰SWF – Sovereign Wealth Fund
GIC Joins KKR on Debt Deal for 2 VGN Developments in Chennai
Sovereign wealth funds are continuing debt opportunities throughout India.
Private equity giant KKR and Singapore’s GIC Private Limited together invested Rs 410 crore (US$ 125.107 million) in debt financing in two luxury residential developments in Chennai.
The first project called VGN Notting Hill is in Nungambakkam, in the core of the city, developing over 166 apartments. The development overlooks Nungambakkam High Road.
The other project is called VGN Stafford and is in Ambattur, on the western outskirts of Chennai, developing over 1,300 apartments.
https://www.swfinstitute.org/swf-news/gic-joins-kkr-on-debt-deal-for-2-vgn-developments-in-chennai/