Townsend invests in Indian finance company
The Townsend Group has invested in a KKR-sponsored and -managed non-bank finance company in India.
The NBFC, which includes Singapore's sovereign wealth fund GIC as a lead investor, provides credit solutions for property developers, filling the capital gap and contributing to the continued development of India's residential and commercial real estate sectors.
Townsendbelieves a unique investment opportunity exists within select emerging markets to benefit from the lack of long-term capital and strong urbanization trends. The NBFC will engage in senior-secured lending to the fast growing Indian real estate market.
“The strong secular demand for middle-market housing requires innovative credit solutions and long-term capital,” said Prashant Tewari, a principal of Townsend, in statement. “The KKR NBFC platform provides our clients a thoughtful framework to execute in India and a strong investment partner with special