KKR has unveiled its third roads infrastructure investment trust (InvIT) in India — Highways Infrastructure Trust (HIT).
HIT represents KKR’s latest development as it scales its infrastructure-investment activity in the country. Together, the three platforms operate and manage 33 assets valued at more than $3.8 billion across 22 states or union territories across India.
HIT’s initial portfolio is composed of six road assets with a total length of more than 450 kilometers (280 miles) across six states in India. The assets, which include a diversified mix of toll and annuity roads, are located in Gujarat, Madhya Pradesh, Meghalaya, Rajasthan, Tamil Nadu and Telangana.
In addition, HIT is considering a pipeline of acquisition targets, including through its sponsor. KKR said the platform possesses significant growth potential and seeks to invest in high-quality assets, including through bolt-on acquisitions.
“HIT’s launch is a significant milestone
