Investment firm KKR & Co plans to strengthen its Indian insurance division as it expands in private equity, infrastructure, and credit across the country. Led by Global Atlantic Financial Group, the division made its debut investment in India with $600m in financing to Manipal Group in June.

KKR’s global co-CEO mentioned the possibility of local partnerships with Indian insurance companies to enhance investments. The insurance business is also expanding in Japan and Europe, with Global Atlantic’s adjusted investible assets at $197m. KKR has committed $9bn in equity investments in India since 2020, covering private equity and infrastructure asset classes.

The firm’s Asia-Pacific head highlighted the competitive pool of capital provided by the insurance segment, extending to emerging markets like India. With credit operations as the newest and fastest-evolving business line, KKR aims to invest $90-100bn globally this year. The Indian business is expected to align more closely with the firm’s global profile over time, as KKR manages assets valued at $685bn worldwide.

Read more at Yahoo Finance: KKR eyes expanded role for insurance arm in India