Global investment firm KKR has provided Indian diversified conglomerate Manipal Education and Medical Group ( Manipal ) with a US$600 million financing, arranged by KKR Capital Markets and anchored by KKR’s private credit and insurance platforms.

The investment will enable the Manipal “to accelerate its corporate expansion and growth objectives by providing flexible, structured capital matched to its long-term strategic needs”.

The conglomerate has major businesses across the Indian healthcare, education and health insurance sectors, including Manipal Health Enterprises, one of India’s top multi-specialty hospitals chains in India.

KKR’s Asia-Pacific credit platform, the firm says, seeks to provide, among other private credit strategies, bespoke solutions to high-quality companies, entrepreneurs, promoters and sponsors that harness the strength of its private markets investment capabilities and its expertise.

Since 2019, KKR has committed more than US$8 billion across 60 credit investments under its Asia-Pacific credit strategy, accounting for a total transaction volume of more than US$21 billion.

“KKR’s longstanding India focus and flexible capital approach, as well as alignment with our long-term vision,” notes Ranjan Pai, Manipal’s chairman, “present a strong fit for us.”

Diane Raposio, KKR partner and head of Asia credit and markets, adds: “This transaction underscores the strength of our global credit platform and our ability to provide strategic, scaled capital solutions to leading businesses. India is a priority market for our credit strategy, and we look to build on this momentum to be a partner of choice to more high-quality companies like Manipal on their growth ambitions.”